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<br />. , <br /> <br />~. <br /> <br />-. <br /> <br />(8) levy and collect assessments against its members to <br />meet the costs of management of the corporation and <br />of administration of its assets, pay debts of the <br />corporation, make any necessary repairs and for any <br />other purpose consistent with any purpose, object <br />or statutory power of the corporation; <br /> <br />(9) <br /> <br />enforce collection of delinquent water <br />payments in the manner provided <br />corporation's byla~s; <br /> <br />assessment <br />in the <br /> <br />(IO) employ personnel, agents, attorneys, engineers, <br />representatives and independent contractors as may <br />be necessary or c<)nvenient to the carrying out of <br />any purpose, obj~ct or statutory power of the <br />corporation; <br /> <br />(ll) take any other such actions as the Board of <br />Directors may consider proper or necessary to carry <br />the objects and purposes of the corporation into <br />effect; and <br /> <br />(12) exercise any and <ill powers permitted by law with <br />respect to nonproUt corporations pursuant to the <br />Colorado Nonprofit Corporation Act and Title 7, <br />Article 42, Colora~o Revised statutes, as amended. <br /> <br />ARTICLE V <br />Membe:rship <br /> <br />A. Admission. All members as of the effective date <br />of these Amended Articles of Il1corporation may continue to be <br />members of the corporation. N€;w members may be admitted upon <br />approval of the Board of Directors in accordance with criteria and <br />procedures defined by the Board o~ Directors. Each member shall be <br />entitled to one membership for each well owned by that member for <br />which dues are paid and which is ~ncluded in the LAWMA augmentation <br />plan. <br /> <br />B. Classes of MembershiE. Unless otherwise provided in <br />the corporation's bylaws, there shall be one class of member. <br />AddHional classes may be defin€:d in the future by bylaw. The <br />rights and obligations of each class of members shall be defined by <br />the bylaws and may differ between membership classes. <br /> <br />C, Transfer of Me~ership. Memberships may be <br />transferred subject to the approval of the Board of Directors in <br />, accordance with the bylaws of the corporation and with any rules <br />which may be adopted from time to time by the Board of Directors. <br /> <br />3 <br />