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<br />. , <br /> <br />. <br /> <br />. <br /> <br />(3) The bylaws ot the corporation may provide for <br />the preparation of an alphabetical list of the <br />names of all its members entitled to notice <br />of, and to vote at, a members' meeting or to <br />take such action by written ballot. If such <br />list is prepared, it shall be available for <br />inspection to the extent and in the manner <br />provided in the Colorado Nonprofit Corporation <br />Act, as amended. <br /> <br />(4) Actions requiring member approval may ,be taken <br />without a 'meeting, or by written ballot as <br />provided under the bylaws of the corporation, <br />and, if no such provision is made by the <br />bylaws, un~er the Colorado Nonprofit <br />Corporation Act, as amended. <br /> <br />G. Quorum. Members Illay take action on a matter at a <br />meeting only if a quorum of membe~s entitled to vote on that matter <br />is present at the meeting in per~on or by proxy. Fifteen percent <br />(15%) of the votes entitled to be cast on the matter by the voting <br />group constitutes a quorum of the voting group entitled to vote for <br />action on that matter. <br /> <br />ARTICLE VI <br />Directors and Officers <br /> <br />A. Board of Directors. The contro), and management of <br />the business and affairs of the Corporation shall be vested in the <br />Board of Directors. The number of directors to sit in the Board, <br />the term to be served, the process for filing vacancies 'before the <br />end of term, and the Board's meeting, voting and notice' procedures <br />shall be specified in the bylaws of the corporation. The Board of <br />Directors shall have sole cont~ol over the, administration and <br />management of the water and water rights, augmentation plan and all <br />related resources of the corporatton. <br /> <br />B. Meetings of the Board of Directors. The Board of <br />Directors may hold regular or special meetings in the manner and <br />upon the notice requirements set forth in the bylaws or, if no such <br />requirements are set forth in the bylaws, as provided in the <br />Colorado Nonprofit Corporation Act, as amended. <br /> <br />C. Officers. The officers shall be a President, a <br />Vice-President, a Secretary, a Treasurer, and such other officers <br />as may be designated by the Board of Directors, each of whom shall <br />be qualified and elected in such a manner and for such a term as <br />provided in the bylaws of the corporation. The duties of each <br />officer shall be specified in the bylaws of the corporation, <br /> <br />5 <br />