PROJ00378

• Contract/PO #: C153790
• Contractor Name: Durkee Ditch Company
• Contract Type: Loan
• Water District: 40
• County: Delta
• Bill Number: SB 97-008
• Loan Projects - Doc Type: Feasibility Study

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ARTICLE V.

Objects, Purposes and Powers

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Section 1. The corporation shall have all of the objects. purposes
and powers set forth In Article II of the Amended Articles
of Incorporation and all powers provided by the laws of the
State of Colorado. and the said powers shall be exercised
by the Board of Directors in the name of this corporation.

Section I. Annual Meetings; The annual meeting of the stockholders
for the election of directors and for any and all other
business which may properly come before Said meeting shall
be held in the County of Delta, State of Colorado in January
of each year as set by the Pres ident of the Board. Proper
notice of the time and place 'of said meeting shaJI be given
by the secretary by publication in one or more newspapers
published in Oelta County, Colorado. Such notice to be
published at least once not more than fifteen (15) days
and not less than five (5) days prior to the date fixed
for said meeting, and also by giving at least fifteen (15)
days written notice of the said meeting to each owner of
Class A stock by depositing a copy of said notice tn the
Post Office, addressed to each stockholder at his place of
. residence as the same appears In the records of this corp-
oration, or by delivering such notice persona"y to each
stockholder. A stockholder may in writing waive the
giving of such notice to hIm.

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ARTICLE VI.

Stockholders' Meetings

Section 2. Special Meetings: Special meetings of the stockholders may
be called at any time by the Board of Oi rectors, and only
such business may be transacted at the special meeting as
is mentioned or described In the call of such notice.

Section 3. Qu~: A quorum at any regular or special stockholders
meeting shall be a majori ty of the Class A stock represented
in person or by proxy. If such quorum Is not present, the
meeting shall be adjourned from time to ttme by a majority
of those present, provided that such meeting shall not be
adjourned for a period to exceed sixty (60) days for any
one adjournment, and notice of the adjourned meeting may
be given in such manner as the board of directors may decide.

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Section It. Order of business: All meetings of the stockholders of
this corporation shall be governed by Robert1s Rules of
Order (revised) insofar as possible, and the order of busi-
ness at all such meetings shall include the following:

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7.
8.
9.
10.
11.
12.

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1.
2.
3.
4.
5.
6.

Reading of call of the meeting.
Roll ca'l of Class A stockholders.
Proof of due notice and determination of quorum.
Reading and disposal of any unapproved minutes.
Nominations for vacancies on board of directors.
Report of board of directors by president, vice-
president and/or secretary.
Report of secretary.
Report of treasurer
Unfinished business.
New business
Election of dl rectors
Adjournment.

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