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<br />. ' <br /> <br />~ ,l--" <br /> <br />b. The present carrying capacity of the companies canal is approximately 500 <br />inches. The said canal is a carrier canal constructed for the purpose of carrying water <br />supplied at the headgate by the Grand Valley Irrigation Company. <br />c. Should any person desire to carry water beyond the limits of the corporation <br />system, and the directors should find it feasible to permit such carriage, they shall make an <br />additional and reasonable charge for such carriage over and above the usual charge made <br />to corporate stockholders. <br />d, The directors of said corporation shall have the right to bring suit against any <br />stockholder to recover the amount of any and all unpaid assessment. <br />There will not be any fences, structures, or objects of any kind put in, over, <br />under or around the ditch without prior approval of two-thirds of the board of directors <br />Any vlo\iltlon~ oftht': ilnovt': will rt':'l\llt in kgil\ ilrtlon nt':lng taken <br />e. When by reason of any emergency of unforeseen event the annual assessment <br />made by the stockholders or directors shall prove to be insufficient to meet the <br />requirements of the company, the stockholders before the first of April and the board of <br />directors after the first of April may at any time levy a further assessment to provide for <br />such deficiency. <br />f. All stockholders shall be deemed to assent and agree to all methods of making <br />and enforcing the collection of assessments on the capital stock of the company, <br />g. If, for any reason, a regular meeting should not be held upon the date required <br />by these by-laws, it may be held at any subsequent date not later than sixty days thereafter, <br />and if a meeting shall fail for lack of quorum, those present may adjourn said meeting to a <br />later date at a time and place certain not more than sixty days thereafter. <br /> <br />ARTICLE IV <br />AMENDMENTS <br /> <br />Section 1 Amendments <br />These by-laws may be amended by the affirmative vote of two-thirds of the <br />directors at any regular meeting or at any special meeting called for such purpose; and in <br />case of a special meeting called for such purpose, the notice of such meeting shall contain <br />in general the proposed amendment. <br />As long as the Lorna Ditch is running at full capacity, there will be no further water <br />shares sold. <br /> <br />-6- <br />