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<br />CHAPTER II <br /> <br />ORGANIZATION <br /> <br />A. History of the Organization - See Exhibit "C". <br /> <br />B. Laws Under Which Organized - See Exhibit "D". <br /> <br />C. Powers and Authorities of Organization - See Exhibit "D". <br /> <br />D. Financial Status - See Exhibits "E" and "F". <br /> <br />E. Physical Assets - The Company's net value of assets is <br />indicated in Exhibit "E". A list of major equipment owned by the <br />Greeley and Loveland Irrigation Company is shown in a Depreciation <br />Report, See Exhibit "G". <br /> <br />2 <br />