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j AMENDMENTS TO ruE BY~LAWS OF THE TaINCHERA IRRIGATION COMPANY. BY~LAWS AMENDED. March 13. 1962 at Annual Stockholders meeting. ARrXCLB X, SECTIONS 1 and 2 Election - Morris Grimwood made a motion as follows. To amend Article I, Section 1 of the By~Laws by electing at this meeting one member to the Board for a term of one year, one for a, term of 2 years, one fora term of 3 years, one for a term of4 years and one for a term.of, years. Hereafter one director shall be elected each year to serve a term of ' , years, and Vacancies - to amend Article I, Section 2; in the event of a vacancy, the Board of Directors shall appoint a member to fill the vaoency until the next Annual Stockholders meeting when a member shall be elected to fill the unexpired term of aacating member. Motion seconded by R. A. Skink1e and carried by unanimous vote. BY-LAWS 'AMENDED. March 10. 1981 at Annual stockholders meeting. ARTICLE V, SECTION 2, a Stock - Motion was made by Lyle Smith that Article V, Seotion 2 be amended as follows I Colorado Law permits reasonable restrictions on minimum quantity of stock to be transferred provided such restrictions are adopted prior to time the transferor obtained the stock and valid only against stockholders who purchase stock after adoption of the by-law. Colorado rule is that stockholders have the right to change the place of the use of water if other users are not injured thereby. The Board of, Directors shall have the authority to reruse a change in point of,delivery from the original point of delivery if such delivery shall cauSe water loss and injury totha other stockholders, which would constitute futile call. Motion seconded by Bill Crutf and approved unanimously, Glen Been made a motion that the sense of stockholders present and proxy is that the 'intent of this amendment is to limit the number of shares that can be transferred on a certificate to , sbares. Motion seconded by Bob Smith end carried. BY-lAWS AMENDED, MARCH 13, 1984 AT ANNUAL STOCKHOLDERS HEETING ARTICLE 1. SECTION 1 AND 2 ELECTION - GLEN WIESCAMP MADE THE FOLLOllING MOTION: "IN THE EVENT THAT A DIRECTOR HAS SERVED FOR A FIVE YEAR TERM, THAT MEMBER WILL NOT BE ELIGIBLE FOR RE-ELECTION OR APPOINT- MENT FOR A PERIOD OF ONE YEAR; -IN TIIli EVENT THAT A MEMBER HAS SERVED FOR A PERIOD OF 3 YEARS OR LESS EITHER BY APPOINTMENT OR ELECTION TO COMPALETE AN UNFULFILLED TERM THEN THAT MEMBER WILL BE ELIGIBLE TO RUN FOR RE.,ELECTION AT THE END OF THAT TERM". MOTION WAS SECONDED BY GLEN BEAN AND CARRIED. BY-lAWS AMENDED, MARCH 10, 1987 AT ANNUAL STOCKHOLDERS HEETING ARTICLE I, SECTION 1 AND 2 ELECTION - GLEN BEAN MADE THE FOL,LOWING MOTION: "IN THE EVENT THAT Ii. DIRECTOR HAS SERVED FOR A FIVE YEAR PERIOD, THAT MEMBER WILL NOT BE ELIGIBLE FOR RE-ELECTION OR APPOINTMENT FOR A PERIOD OF ONE YEAR: PROVIDED THAT THIS LIMITATION SHALL NOT APPLY TO A DIRECTOR WHO IS PRESIDENT OF THE BOARD AT THE TIME HIS TERM EXPIRES: IN THE EVENT THAT THE MEMBER HAS SERVED FOR A PERIOD OF 3 YEARS OR LESS EITHER BY APPOINTMENT OR ELECTION TO COMPLETE AN UNFULFILLED TERM. THEN THAT MEMBER WILL BE ELIGIBLE TO RUN FOR RE-ELECTION AT THE END OF THAT TERM." MOTION WAS SECONDED BY ELZABETH BROWN AND CARRIED BY UNANIMOUS VOTE.