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requirement to snake additional contributions shall be made only be unanimous vote of <br /> the members. <br /> 8. Member's interest_ The inctnivr's interest ol"lain Let. Luttrell shall be 5(K <br /> represented by 500 ntcnibersltip units. The nictnbersbip Interest of Chauncey%atu <br /> Luttrell shall lw :;O% represented by 500 nictnhrrAtip unit,. <br /> 9. Mar! cr. The compass),inwia ger shall be Chauncey Buie Luttrell. The initial <br /> ntana},,er sliall hold office until Iris successor has been elected at a regular or special <br /> meeting. The manager shall be elected by a majority of IhC autstailding business <br /> ntcinbetship units. If the nuwiager resilnts or Iti Aer office becomes odder wise vacant <br /> during bisrber term,f is niaiiagcr's position shall be filled by a person elected by the <br /> members representing a majority of the ntenibcrsftip units. 'Ilse manas,,•r shrill have <br /> lull power wid authority to ac:t in all tnwitters concerning the c•omparty, including,dic <br /> borrowing of inonc:y,the sale of company assets, land auul cclttipment purchases and <br /> sales auld all other busitte ss activities. At it meeting rifled expressly for tltal purpose, <br /> the mutager may be removed wvilh or Mdtout.cause by it majority cff mcttaber vows. <br /> 10. Com ay—ands. It is agreed that all funds received by the company shaA be deposited <br /> :tl f ini1wrltttc Bank, 1 I1 1. 1 lawk Parkway, Montrose, CO in the ttatne of the c•onwauty <br /> will all expenses and payments on account of the cotnpany'a business will be paid by <br /> check upon the conwauty's account atuf signed by one of the• managers. The imutagers <br /> may change die company's depositary at auty time. <br /> 11. Records. The tttatlatwr,hall keep or cause to be kept full alul trite lxx)ks of account <br /> accurately reflcctilig Al tlansatctions of the company,which books shall be kept at the <br /> company Is registered ollicc and ,hall by olxxn for inspection and cxauui till ion luting <br /> the office hours by all members. Annual statements of lilcc)ttic and expenses Shall lie <br /> prepared by tic company,which statements shall include the preparation of <br /> information returns for itacotne taxes of tlic company site»vial;the distributive shaucs <br /> and (lie*till or loss of each member. In addition,the nia natF,nr shall keep those <br /> trc•olYls at the registered Mice its are rccfttired by C.K.S. 7-80-411,which records <br /> include: <br /> a. A current list of the full statue and last known business,residence autd <br /> address of each member and each manager <br /> b. A copy of die au-licles of orl,'"anization and all wilcncluients <br /> c.. Copies of the c•omputy's federal,state wid local income lax returns and <br /> reports,it any,for 3 most recent.year. <br /> cf. Copies of ally currently effective written operating agrccntrlit. <br /> c. f'Inalncial stalctnents of dic company for 3 most recent years. <br /> f. '.Minutes of arty annual or special niecting wid <br /> h. Any other written records required by.Colorado statute for limited <br /> liability c•otnpatties <br /> All of the awned records are subject to inspection and copying at the reasonable <br /> request attcl at die expense of any member Burins;ordinary business hours. <br /> r <br />