C153607L Contract

• Contract/PO #: C153607L
• Contractor Name: Trinchera Irrigation Company
• Contract Type: Loan
• Water District: 35
• County: Costilla
• Bill Number: SB 92-87
• Loan Projects - Doc Type: Contract Documents

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MOTION TO RATIFY CALLING A SpeCIAL SHAREHOLDER MEETING

I'~ ~~~ ' SO MOVE THAT WE, THE DULY ELECTED OFFICERS
AIfij RS' 01.. THE TRINCHERA IRRIGAT:JON COMPANY, RATIFY OUR DECISION IlADE ON AU:;UST
10TH, 1993, VIA PHONE CONFERENCE, TO SCH8DULE AND SEND NOTIFICATION TO ALL SHAREHOLDERS
OF THE TRINCHERA IRRIGATION COIfPANY TO HOLD A .SPECIAL SHAREHOLDERS" MEETING ON THE
24TH DAY 011 AUGUST, 1993, .~T 10 A.M. <'IT THE COMPANY OFFTCE lN BLANCA, COLORADO FOR
THE PURPOSE OF,
1. BORROWING OF UP TO ONE MILLION ($l,OOO,OOO.OO) IN FUNDS FROM THE STATE OF
COLORADO, COLORADO WATER CONSERVAT:JON BOARD;

2. THE REPAYMENT OF SAID BORROWING;

3. THE PROVIDING OF SECURITY FOR ~;AID BORROWING INCWDING, BUT NOT LIMITED TO,
A DEED OF TRUST USING AS COLLATElIlIb THE MOUNTAIN HOME RESERVOIR PROPERTY OF THE
COIfPANY AND A SECURITY INTEREST IN COMPANY ASSESSMENTS ON STOCK IN THE COIfPANY
AND ALL APURTENANT STRUCTURES ASSOCIATED WITH MOUNTAIN HOME RESERVOIR;

4. AUTHORIZING THE BOARD OF DIREC'fORS OF THE COIfPANY AND/OR THE OFFICERS OF
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THE COIfPANY TO EXECUTE ALL NECESSl\1IY DOCUMENTS ASSOCIATED WITH THE BORROWING;

AND,

.5. TERMINATING THE FEASIBILITY COlITRACT WITH THE STATE OF COLORADO, COLORADO

:~ATION BOARD.
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, SECOND THIS MOTION. THE HOT:;:ON CARRLED

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TRACY S. STER, PRESIDENT

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ROBERT E. ESPINOSA, ECRETARY