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<br />
<br />ARTICLE X
<br />DEBTS
<br />No debts shall be contracted against this
<br />Corporation except by order of the Board
<br />of Directors. Said Board shall be
<br />authorized to incur such indebtedness as
<br />the Board shall consider necessary for
<br />carrying out the objects and purposes of
<br />this Company. and may authorize the
<br />President and Secretary to make the note
<br />of the Company evidencing any
<br />indebtedness so incurred; provided,
<br />however, the total amount so borrowed
<br />shall not exceed Ten Thousand Dollars
<br />($10.000.00) at any time, and provided
<br />further that no mortgage or trust deed shall
<br />be placed upon the property of the
<br />Company or any part thereof until
<br />authorized by a two-thirds vote of the
<br />stockholders of the Company.
<br />
<br />ARTICLE XI
<br />USE OF WA TEA
<br />Section 1. Each share of stock of this
<br />Corporation shall entitle its holder of
<br />record on the books of the Corporation to
<br />use each year its pro rata share of all water
<br />carried and distributed in the waterways of
<br />the Corporation to which this Corporation
<br />is entitled; that is to say, the stock of this
<br />Corporation shall represent and be entitled
<br />to all the priorities of rights to the use of
<br />water heretofor decr.eed to The San Luis
<br />Valley Canal and The San Luis Over Flow
<br />and Seepage Ditch and all other priorities
<br />
<br />-16-
<br />
<br />and rights otherwise acquired or owned by
<br />the Company including but not bv way of
<br />limitation, the following priorities:
<br />
<br />Total
<br />Oecreed
<br />from
<br />River
<br />
<br />Cubic Ft.
<br />of Water
<br />Priority Per. Sec.
<br />No. Date of Time
<br />
<br />270 Jan. 5. 188~ 92.90
<br />1903-22 B Jun. 30.1890 161.46
<br />1903-24 D Jun. 30. 1891 44.27
<br />1903-34 D Jun. 30. 1893 31.24
<br />1903-37 C Jun. 30. 1894 10.42
<br />1903-41 C Jun. 30. 1895 7.81
<br />1903-45 D Jun. 30. 1896 18.23
<br />1903-46 D Jun. 30. 1897 20.84
<br />1903-49 E Jun. 30. 1898 26.04
<br />1903-52 D Jun. 30. 1899 10.42
<br />1903-57 B Jun. 30, 1900 27.34
<br />1916-30 Dec. 31.1890 50.00
<br />
<br />and also all rights to the use of reservoir,
<br />drainage or other priorities to the use of
<br />water of every kind and character so-ever
<br />now owned by or which may be hereafter
<br />acquired by this Company.
<br />By-Laws of The San Luis Valley Canal
<br />Company, dated December 8. 1954, have
<br />been amended January 28, 1985 as follows:
<br />Section 2 has been deleted as the
<br />circumstances no longer apply.
<br />Section 3. No stockholder shall be
<br />entitled to demand or receive water from
<br />the waterways of this Company until he
<br />shall have placed his headgate and head
<br />ditch in condition to receive the same and
<br />
<br />1561.06
<br />3087.89
<br />3374.24
<br />4117.83
<br />4366.07
<br />4452.75
<br />4602.01
<br />4742.72
<br />4990.54
<br />5123.80
<br />5207.03
<br />
<br />-17-
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