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<br /> <br />1/ <br />I <br /> <br />and laterals, or any of them; to acquire, other cam,ls and water <br />rights and priorities of right to the use of water, and the nec- <br />essary lands, sites, rights-of-way and franchises; and to use <br />end operete such canals, laterals and reservoirs; and to dispose <br />of the rights of carriage, storege, and distribution of water for <br />irrigation and othor beneficial use therefrom to said comapny's <br />respective stockholders; to sell and dispose of water rights, <br />rights of csrriage and storage rights for said purposes to our <br />respective stock holders according to law; and to levy assessment( <br />pro rata upon the stock of our stock holders of said corporation <br /> <br />for the operation and maintenance of the same; to borrow money ant <br />oon~ey said property or any part thereof in trust as security <br />therefor, End to sell and convey any pert or parcel of such <br />property for the uses and purposes hereinabove set forth, or as <br />may seem best for the gener~l interests of all concerned; Each <br />stock holder shell be entitled, during the irrigution season, <br />to stetutory inches of water from the total capacity of the canal' <br />system in the samo proportion as his stock beers to the total <br /> <br />number of shares issued and outstanding. <br /> <br />ARTI CLE I II. <br /> <br />CAPITAL STOCK. The capital stock of said <br /> <br />Oompany shall be Ninety-six thousand nine hundred thirty-five <br />($96,935.00) Dollars, to be divided into nineteen thousand three <br />hundred eight,-seven (19,387) shares of the par vElue of Five <br />f~5.00} Dollars each. <br />ARTICLE IV. TE.lU{ OF EXISTBUC?;. This corporation shell exis' <br /> <br />for the term of twenty (20) years from the dEte hereof. <br /> <br />, ----- <br />