C153607L Contract - Laserfiche WebLink

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RECORD OF PROCEEDINGS 100 Leaves fQll~.. C. f.~OECl(!ll. I.' l. ell. AUGUST 24, 1993 BLANCA, COWRADO SPECIAL SHAREHOLDERS KEETING ON AUGUST 24, 1993, A SPECIAL SHAREHOLDERS MEETING WAS HELD IN BLANCA, COWRAIXJ AT THE COMPANY OFFICE AT THB APPOINTED HOUR OF 10 A.M. WITH THE FOLLOWING DTRECT- ORS AND SHAREHOLDERS PRESENT: TRACY KESTER GLEN WIESCAHP ROBERT ESPINOSA PRESIDENT VICE-PRESIDENT SECRETARY/TREASURER ALVIN KUNUGI JERRY SHITH DIRECTOR DIRECTOR SHAREHOLDERS: CYNTHIA IIAKILTON, CAROLYN SKINKLE AND BOB SMITH PRESIDENT, TRACY KESTER, DECLARED THERE WERE 10,813 ELIGIBLE VOTING SHARES OUT OF THE 11572 COMPANY OUTSTANDING SHARE. TRACY APPOINTED CYNTHIA lIAHIL7'ON AND CAROLYN SKINKLE TO COUNT THE ELIGIBLE VOTING SIlARES REPRESBN'l'ED AT THIS HEETING TO DETERMINE IF THERE WAS A 2/3 MAJORITY TO HOLD THIS MEETING. THE SHARE OOUNT IS AS FOLLOWS: SHARES REPRESENTED BY PROXY 7374 SHARES REPRESENTED IN PERSON 2683 TOTAL SHARES REPRESENTED 10,057 THE PRESIDENT CALLED THE MEETING TO ORDER AT 10: 30 A.II. IN A MOTION llADE BY JERRY SHITH, SECONDED BY GLEN wrESCAHP AND THE HOTION CARRY- ING , THE BOARD OF DIRECTORS RATIFIED THE CALLING AND HOLDING OF THE SPECIAL SHAREHOLDERS MEETING ON THIS DAY. (RATIFICATION ATTACHED) THE MINUTES OP THE AUGUST 9, 1993 SPECIAL SHAREHOLDERS MEETING ,WERE APPROVED AS READ IN A llOTION HADE BY JERRY SHITH, SECONDED BY GLEN WIE5CAHP AND THE MOTION CARRIED UNANIHOUSLY. THE PRESIDENT STATED THE PURPOSE OF THE SPECIAL SHAREHOLDER HEETING BEING, TO CONSIDER AND REAFFIRM THE UNANIlfOUS DECISION. TAKEN BY THE SHAREHOLDERS ON THE ITEMS ADDRESSED AND VOTED ON AT THE AUGUST 9, 1993 SPECIAL SHAREHOLDER MEETING AS FOLLOWS: THE REHABILITATION OF THE MOUNTAIN HOME DAM AND SPILLWAY; THE WAN THilT IlAJ) BEEN GRANTED BY TilE STA'l7I OF COWRAIXJ AT 1 % INTEREST; USING MOUNTAIN HOMB RESERVOIR AND COMPANY ASSESSMENTS TO SECURE THE WAN IN A DEED OF TRUST TO THE ~ATE OF COWRADO (CPiCB); AUTHORIZATION FOR THE OFFICERS AND DIRECTORS TO EXECUTE ALL NECESSARY IXXUMENTATION AS REQUIRED FOR THE REHABILITATION PROJECT AND THE TERHINATION OF THE 50/50 FEASIBILITY STUDY WAN CONTRACT WITH THE CWCB, AS WELL AS THE UNANIMOUS DECISION OF THE DIRECTORS TO SIGN THE RESOWTION STAT- ING THE SHAREHOLDERS UNANIIIOUS APPROVAL FOR THE COMPANY TO ENTER INTO THE PRO- JECT CONTRACT AND THE PROIIISSORY NOTE fiITH THE STATE OF COWRAlX) (CPiCB) FOR THE REHABILITATION OF IIT.HOME DAII AND SPILLflAY AND ALL THE AUTHORIZATIONS OF THE OFFICERS AND DIRECTORS AS REQUIRED TO GET THB PROJECT STARTED AND COMPLETED, THIS RESOWTION SIGNED BY ALL DIRECTORS AND OFFICERS; ALSO, THE SIGNED SECRETARIAL RESOWTION AFFIRMING THE SHAREHOLDERS UNANIHOUS DECISION OF CONSENT FOR THE BGllRV MEMBERS TO ENTER INTO THE CONTRACT AND PROMISSORY NOTE WITH TOB STATE OF OOWRADO (CPiCB) AND AUTHORIZING THE OFFICERS AND DIRECTORS TO SIGN ALL DOCUMENTS AND DO ALL THINGS AS .REQUIRED TO PROCEED MiD COMPLETE THE REHABILITATION PROJECT. BOB SMITH lIAD.E"~,A;JMQ!CX:aN..TO,.R1l4'rEIiRHf.fd.L DECISIONS AND VOTES AS MADE AT THE AUGUST 9,1993 SPECIAL SHAREHOLDERS HEETING. CAROLYN SKINKLE SECONDED THE MOTION AND THE MOTION CARRIED UNANIMOUSLY BY ALL VOTING SHARES REPRESENTED AT THIS HEETING. A HOTION WAS HADE BY GLEN WIESCAHP AT 11:10 A.H. TO ADJOURN THIS HEETING. THE HOTION WAS SECONDED BY BOB SHITH AND CARRIED UNANIMOUSLY.