Laserfiche WebLink
<br />t -"""r_ <br /> <br />. <br /> <br />Mr. Frank M. Akers,P.E. <br />Page 2 <br />February 18, 1992 <br /> <br />. <br /> <br />altogether since the loan obtained by the Terrace <br />Irrigation Company is a 100% loan. <br /> <br />3. The original and three copies of the Warranty Deed <br />which conveys to the State of Colorado the newly <br />acquired rights-of-way for the New Terrace Main <br />Canal. The ac . . . these rights-of-way <br />for the new err ace Main Canal will shorten the <br />distance by a mos , near feet. <br /> <br />4. The original and three copies of a Resolution <br />which was adopted by the stockholders at the <br />regular annual meeting held on the 21st day of <br />November, 1991, ana which authorizes the members <br />of the board of directors to enter into the loan <br />agreement, bind the Terrace Irrigation Company for <br />the repayment of the same, authorizes the <br />imposition of special assessments to generate <br />sufficient funds to repay the loan, authorizes the <br />encumbrance of said funds to the State of Colorado <br />and the further authorizes the imposition of a <br />special assessment to create a reserve equal to <br />one annual payment. <br /> <br />5. The original and three copies of a Resolution <br />authorizing the execution of Warranty Deeds <br />conveY1ng all of the interest of the Terrace <br />Irrigation Company of the right-of-ways that are <br />used or will be used to convey the water from the <br />river to the end of each of the main stems. <br /> <br />6. The original and three copies of a Ti tie Opinion <br />Letter dated February 5, 1992, which satisfies the <br />requirement setforth in your letter of July 9, <br />1991. <br /> <br />7. One copy of the Articles of Incorporation and By- <br />Laws of the Terrace Irrigation Company. <br /> <br />8. One copy of a document designated as "Certificate" <br />certifying that as of August 5, 1991, the Terrace <br />Irrigation Company was a Colorado Non-Profit <br />Corporation in good standing. <br /> <br />9. One copy each of the easement deeds acquired from <br />the Elizabeth B. Silver Trust, Lee Banks and <br />Carlene Banks, Leonard F. Valdez, Ernest Valdez <br />and Alfonso Valdez. <br /> <br />10. The original and three copies of the Security <br />