FEES

What are the fees and how do they work?

 

Each share of stock is subject to an annual assessment, which is based on whether shares are active household, inactive household or livestock.   Active household shares are designated with a physical well in the ground and inactive shares do not have a physical well.   Livestock shares are not considered active or inactive and have the same assessment amount whether or not livestock is currently being watered.   Annual assessment amounts are approved by the shareholders each year at the Annual Meeting.


All fees and assessments collected go toward payment of expenses incurred by the company in administering the water augmentation plans.  Officers and Directors volunteer their time and do not receive any compensation.