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<br />
<br />exchange, conclelU1atlon,appropr1.t.: n, or otherwi.e, re.."01ls
<br />and du., re.ervo~r e.r~ !~g rightl, water and water r1ghts,
<br />canal., d1tche., Q1tch Z" 5ht., r1Shts or tra7, eUtMntl; u..
<br />penlitl, tranchJ .ea, pr1'" lie,..., prior1tie., head! ate., _UUt".
<br />1ng boxe., .,-alves, rlU8E', aqueducts, p1pellno., rnd other lrd.
<br />~atloD works, aJlplld.ftce~, equlplleDt aDd .ach1ne17, and other
<br />real and personal proper tJ' and other 1nteNlt. 1n propert7. an4
<br />to lell, leas., ItOrtgq~, enc'lrilber, a..1gn, pled&e, or otherwl..
<br />conve, or 411pose of ~ part or all or luch pre~rt7 pur.uant
<br />to the la.a ot the State ot Colorado.
<br />
<br />'DIIRD
<br />
<br />, '
<br />The total author1zed ~apltal atGck ot thia corporation
<br />
<br />.hall be one Hundred TwentJ Thousand C$l20,OOO.(lO) Dollarl, 41.14.4,
<br />. , . >'
<br />into e1x~een Hundred ahares or the par Yalue ot ."yentJ-t1.e ($75.00)
<br />
<br />Dollars each, 1rrespectiye or the cl&al of aucb stock. S&14, .bare.
<br />
<br />shall be cla~sed and d1T1ded as tollows:
<br />
<br />900 shares at Cleas A .took to be aubacrlbed bJ
<br />and 1F~ued to !he ~eaota Canal
<br />and RdoerY01I- C~W{~ _ _. ~'
<br />
<br />_00 sha.~s ot CIsse B stock to be aubacrlbed b7
<br />and 1ssued to The Turner D1tch Co~
<br />
<br />300 shares at 01a83 C .tock to b. aubaCrlbect b,
<br />and 1S3Ue4 to !tie, Lone C..b1n Ditch
<br />and Reservo1r COI~any
<br />
<br />The ownership ot stock tn' the eorporat,.OD ot an, c1...
<br />
<br />~ball 4Dtl~le the holder thereot to ~!ce've it. proport10h&te
<br />
<br />Ihart! or tbe water stored and lUde avn.Uable b7 the co:oporatlon'.
<br />
<br />workA, in the ratio thBt the number or abare. held' hI each .tock-
<br />
<br />. --.. -- --..-. ------.. -
<br />
<br />hGldr-r beara to the tot\l r.u.ber ot ahare. of all o!ae..a or .took
<br />wh1cf'1 are here1n authol'lze~ to be 1..\:ed, except a. o~berw1..
<br />prov:1 !led 1n Art1cle FO\l';'tb belcw.
<br />An1'thing 1n 1da Cftrt1tlcl\te of Inc':)rporat1on to the
<br />cant t'ary not 1111 the tand~, tta..1. cOJ~rat10n' ahall Dot bo operated
<br />for pror.:.~ and no d1videndo .hall be paid to an)' atockholder.
<br />~~
<br />~:E;f.
<br />
<br />$1'
<br />.~ ,d, l
<br />
<br />-3-
<br />
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