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� .■r � ■� r� - � � � � � � r � <br />pE82AY6D <br />BYL11N6 <br />OP <br />THE 6UldIT RC9EHVOIR i IRRIfiATIOd COI@ANY <br />DOIARBB, COLORADO <br />p[tTICLE I <br />Ofticea <br />Section 1. Pr� io 1 P f Bu lne Tha principal <br />office of the Summit Reeervoir 6 Irrigation Company ehall be <br />located at Dolorea, Colorado. The Hoard of Directore �y change <br />the pxincipal placa oi husineae at nny time. The Summit <br />Reaervoir 6 Irrigation CompanY �Y aleo have officea at other <br />placee within the State of Colorado ae the eoard of Directore may <br />from time Co time approve. <br />J�µTICLB I I <br />Stockholdera <br />Section 1. Oueltficationa. The Su�t Aeeervoir i <br />Irrigation Company shell have one (1) clase of atockholdera and <br />each share of atock ahall he entitled to one (1) vote• <br />7�TICLS III <br />Aseeeementa and Paymanta Por Stock <br />Section 1. Aaseasmenta• Aeeeesmenta mey be levied at any <br />time on all of the eharee of the etock of the S�it Beeervoiz i <br />Irrigation Company vhich ahall be outetanding� for the purpoee of <br />obtaining funde to maintain and operate the property of the <br />Summit Resarvoir a Irzigation Compnny and for the payment of any <br />claime against tha Su�it Aeeervoir 6 Irrigation Company. Tha <br />aeeeeement ahall ba approved 6y a majority vote of tAe <br />Stockholdere preeent at eny annual or apecial meetiaq. <br />Section 2. Written Notice. Written notica of the annual <br />asaesement shall be delivered to the Stockholdera ahowing the <br />amount to be paid. The aeaesement uotice ahall be mailed to the <br />Stockholders at his/her last knovn nddreee of record. The <br />aeeeaement mny be peid in inetallmente� 1/3 due by April firat <br />jlai) and [he ba]ance due by �tober fi[et (letJ. <br />1 <br />