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<br />record of thi 9 company. The seid notice sha.ll be in writing, end shall state <br /> <br />the total amount of the assessment and 61 so the pro rl1ta share or per centum <br /> <br />thereto to be paid by the stockholder thus notified, and shall also st~te the <br /> <br />time or times re~uired for the payment thereof, and may prescribe th'3t the <br /> <br />same ahall be paid partly of wholly in money or partly or wholly in labor, <br /> <br />and the Board of Directors shall have authority to determine end fix the <br /> <br />value or r->moll.'1t to be ellowed for any such le.bor to be performed on the ditch <br /> <br />or property of this corporation at such time or times and in such manner as <br /> <br />the Board of Directors may require. <br /> <br />The rightn and privileges by force of the stock of the company subject <br /> <br />to the burdenn aforesaid shall be in lieu of dividende. <br /> <br />There Bh~ll be no water priorities in said ditch. <br /> <br />It gh~ll b~ lawful for the corporation to purchase any of its outstanding <br /> <br />, <br />cnpit~] etock, but no such purchase or contract for the purchase of Buch stock <br /> <br />sholl be vrlld \U1l'3f1s by authority of 0. 2/') vote of the outstAnding stock of <br /> <br />the comr"n:r, 8>:r.lueive of the stock so to be purchosed, at an annual stock- <br /> <br />holders "10~t.tn.:, or nt n special etockholders metting celled for thp',t purpose. <br /> <br />\'fuen ~ny ~uch [Itock sholl have been purchased, or contract entered into for <br /> <br />thn !,lIrCl1f' ['0 of the F.lnme, the comp8ny shall hove the power to use its funds <br /> <br />8,nrl to 1 cvy nnd colI ect e.sseosmehto on the rem8ining outEltAnding cap1 till stock <br /> <br />in th"J :n'mn~r !'rovit:lcd by In.w for th~ payment of f'_ny other indebednefHl, for \ <br /> <br />the p\Jr~o!"~ of p!.lylnE; the purch8se price of the stock so purchR..scd. <br /> <br />3SSTICN 16. Br,nrd of Directors. ~~ The o.ffe.irs 01' this cor!,\orr-l.tion <br /> <br />"h~ll ha m'~nn~~d nnd i,ts bunincsB operpted by n Board of three directors. A <br /> <br />~,:nj('lri~,y ('f th~ P,of'rd ,..h~ll constitute a qUOTl1l"1. !\,l1 membera of the BOflrd <br /> <br /> <br />oI-D.i)~.':..~t~.rn mUFlt be otock holden, of the <!1..~~~<2.od Irrig~tJon Comol'lny. <br /> <br />-6- <br />