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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 8664474 <br /> <br />MEMORANDUM <br /> <br />From: <br /> <br />Department of the Treasury ,:I <br /> <br />Mr. S. S, Biondo, Contract Compliance Officer <br />Water Supply Planning and Finance Section. ' <br /> <br />November 13, 2003 <br /> <br />To: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Arkansas Groundwater Users Association <br />Loan Contract No, 150156 <br />Stock Certificate No, 10 <br /> <br />Attached for deposit for safekeeping with the State of Colorado, Department of the Treasury, is <br />Stock Certificate No, 10, date of issue October 28, 2003, in the amount of $33,330, covering 785 <br />Shares of $10 par capital stock of the Excelsior Irrigating Company, to the Colorado Water <br />Conservation Board and Arkansas Groundwater Users Association. <br /> <br />If you have any questions, please advise. <br />Thank you, <br /> <br />cc: Ms, J. S, Illian <br />CWCB File <br />