PROJ00454

• Contract/PO #: C153832
• Contractor Name: DeWeese-Dye Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 12
• County: Custer
• Bill Number: HB 98-1189
• Loan Projects - Doc Type: Feasibility Study

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SECTION 5. CLOSING OF TRANSFER BOOKS OR FIXING OF
RECORD DATE. For the purpose of determining shareholders
entitled to notice of or to vote at any meeting of shareholders
or any ,adjournment thereof, or shareholders entitlea to receive
payment of any dividend, or in order to make a determination of
shareholders for any other proper purpose, the Board of
Directors of the corporation may provide that the stock transfer
books shall be closed for a stated period but not to exceed, in
any case, fifty days. If the stock transfer books shall be
closed for the purpose of determining shareholders entitled to
notice of or to vote at a meeting of shareholders, such books
shall be closed for at least ten days immediately preceding such
meeting. !n lieu of closing the stock transfer books, the Board
of Directors may fix in advance a date as the record date for any
such determination of shareholders, such date in any case to be
not more than fifty days and, in case of a meeting of
shareholders, not less than ten days prior to the date on which
the particular action, requiring such determination of
shareholders, is to be ta~en. If the stock transfer books are
not closed and no record date is fixed for the determination of
shreholders entitled to notice of or to vote at a meeting of
shareholders, or shareholders entitled to receive oa'nn~nt of a
dividend, the date on which notice of the meeting ls.malled or
the date on which the resolution of the Board of Directors
.de"claring such c.ivide~c .is adopted, as the case ::ay bel shall be
the record date for such determination of shareholders. When a
determination of shareholders entitled to vote at any ;neeting of
shareholders has been ~a~e as orcvided in this sectiO!l, such
deter~ination shall a;:ply to any' adjo'"rnment t!1ereof.

SECTION 6 . VOTI~IG LISTS. The officer or agent :1aving
charge of the stock boo%s for share~ ~f the cor~oration shall
make a comolete list of the shareholders entitled to vote at each
meeting of " shareholders or any adjournment thereof, arranged in
alphabetical order, with the address of and the number of shares
held by each. Such list shall be produced and kept open at the
time and place of the meeting and shall be subject to the inspec-
tion of any shareholder during the whole time of the meeting for
the purposes thereof.

SECTION 7. QUORUM. A majority of the outstanding
shares of the corporation entitled to vote, represented in person
or by proxy, shall constitute a quorum at a meeting of
shareholders. If less than a majority of the outstanding shares
are represented at a meeting, a majority of the shares so
represented may adjourn the meeting from time to time without
further notice. At such adjourned meeting at which a quorum
shall be present or represented, any business may be transacted
which might have been transacted at the meeting as originally
noticed. The shareholders oresent at a duly organized meeting
may continue to transact business until adjournment, not~ith-
standing the withdrawal of enough shareholders to leave less th~n
a quorum.

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