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<br />',' , <br /> <br />f. It shall be the duty of the board of directors to audit and adjust all bills of <br />account against the company, and to direct the payment of those which are allowed. <br />g, No contract by any officer of the company shall be valid without the previous <br />authorization or the subsequent ratification of the board of directors. <br /> <br />Section7 Stockholders <br />a. The owners of stock in said corporation on which all assessments have been <br />paid shall be entitled to run in the corporation ditch, whenever the same is available, <br />one-half inch of water for each share of stock owned. No stockholder shall be entitled to <br />run in said ditch or draw therefrom any water until all assessments on stock have been <br />paid, <br />b. Should any stockholder whose assessments are fully paid desire to draw more <br />waleI' lhan the amounl called lor on the number or his shares or slock al the rallo or one <br />share to each one-half inch, then before such stockholder can draw more water, he must <br />purchase from the corporation or some other person, additional stock sufficient to carry <br />the surplus water desired or needed. <br />c. In the event that there is not available in said ditch water sufficient to furnish <br />the holders offully paid up stock, then the water shall either be pro-rated according to the <br />ownership of the stock upon which assessments have been fully paid, or the use of the <br />water shall be alternated, as may seem best to the board of directors, <br />d. Unless the board of directors shall specifically direct otherwise, it shall be the <br />duty of the secretary-treasurer to see that no water is drawn by any person who shall be <br />delinquent in any assessments, and that no water is drawn by any person over and above <br />one-half inch to the share of owned stock with assessments fully paid thereon, <br />e. It shall be the duty of the stockholders at their annual meeting to levy all <br />necessary assessments upon all issued stock and to determine the date when same shall be <br />paid. If such assessment is not made at the annual meeting, it is their duty to call a special <br />meeting prior to the first of April to make such assessment. If such assessment is not <br />made by the stockholders at the annual or special meeting prior to April first, the <br />assessment shall be made by the board of directors. <br /> <br />ARTICLE III <br />GENERAL PROVISIONS <br /> <br />Section 1 General Provisions <br />a. The corporation shall in no wise be responsible for any loss of water by <br />seepage, evaporation or other natural causes, Any loss of water occasioned by seepage, <br />evaporation or other natural causes shall be borne by all the stockholders, and such loss <br />shall be pro-rated by the board of directors among the several stockholders according to <br />the number of inches of water delivered for each stockholder to the canal, and any other <br />water available, including waste water, shall be added to the regular flow before making <br />such deduction for seepage and evaporation or other natural causes, <br /> <br />-5- <br /> <br />~ <br />