C153755 Feasibility Study

• Contract/PO #: C153755
• Contractor Name: Sanchez Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 24
• County: Costilla
• Bill Number: SB 92-87
• Loan Projects - Doc Type: Feasibility Study

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Please attach the fallowing to your Sanchez Ditch and
Reservoir Company By-Laws pamphlet.

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Amended By-Laws March 6, 1991

Article IX, Section

(i) To require a stockholder to bear the expense of
that stockholder's actions or inactions which result in
physical damage to or maintenance problems with respect
to any property owned or maintained by the Company,
including, but not by way of limitation, Company ditches.
canals, laterals. clllverts. weirs, or other pronerty.
In the event that the CO~lpa[lY determines that sllch
additional maintenance or repair expenses have been
iJ1CUrred. written notice tllereof together with a l)ill
for the [l m 0 u n t 0 f sue hex p e 11 s C 5 S h all h c ~ II h mil: r c (I t ()
tile. stocklloldcr. The wateruser/sL()ckholder lnay n!'jlcnl
this matter to the Appeal Board within fifteen days of
notice. The Appeal BORrd shall render a decision with-
in fifteen days of notice of appeal, and the Cl!TI0l111l
if so decided by the Appeal Board, shall be due and pay-
able in full within fifteen days of ~he date of the
Appeal Board ruling. The Appeal Board shall be comprised
of one Board member and the By-Laws Committee. No Appeal
Board member shall sit on said committee if committee
member is the objector. In the event that such amOtlIlt is
not paid by a stockholder within thirty days. the Company
shall have all of the same powers which it has with regard
to unpaid assessments, includi~g, but not by way of
limitation, the right to withhold the delivery of water,
the right to refuse to transfer certificates of stock,
the right to assert a lien against the stock of the
stockholder for the amount due and owing, and the right
to bring an action at law for the recovery of the amounts.
In the event the amount is not paid within thirty days,
the stockholder shall also be responsible for any resonablc
attorneys fees and costs incurred by the Company as result
of such nonpayment.