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<br />J .. <br /> <br />Book 275 <br />Page 114 <br /> <br />The ~t.ock of th~ corr-orrtion shall desie;n~te on its face the 1nnd ,-lith <br /> <br />~mic~ it i~ connected ~nd the water to which the owner of such stock is <br /> <br />en~,it1ed, i, "':.0 be rpplied, end Auch w-ter ahA11 be uRed on such lP.,nd and <br /> <br />not ~1 r;~...rh!"'l"~, ~xcert uron con~Hmt of the Boe.rc' of Director" of the company. <br /> <br />No N~ter ~hnl1 be f'urnished by virtue of r1ny stock or otherwise until <br /> <br />afte.r 1"\11 :'!\geS9m~n:9 due thereon Ahnll hnve been paid in fu~l either in <br /> <br />mon~':Vt m~'t,ert"1 f\ ~r .....ork ',s the Bop.rd of Dirp.ctol"'S sh'1l1 determine, nnd the <br /> <br />U!'lO rf '.hl",) 'rr~~,cr c'lll ed for by such delinl1uent stock by others th"n the <br /> <br />o\mer ther~~of \.rhi 1 e sllch d~lin"uency sh1'\ll continue, on the order of the <br /> <br />BOLll"C of Dir'~d.orl:!, Elh!'!1l give such del1nC'!.wmt owner no right of p..ction or <br /> <br />c!",:,dit ngoinnt oither the comp9-ny or such uner, nnd further, when 8saessmente <br /> <br />on qny !C!uch ntoc:c or F:ny pArt thereof, sh311 continue delinouent end unpaid, <br /> <br />for twocon~ncutiv~ yc~r", thot f~ct of itself sh~ll c~uae ~ forfeiture of <br /> <br />thttt ~to~~( +'0 t,h~ corror~tion for i t!'t 0010 URA IO\nd benefit end the snme may <br /> <br />t.h~r~11f'o'~ i " !!olt:l ronc rc-i ?oued to otherA, but th'3 comp:"ny need not accept <br /> <br />of tluch fcrf~iture 1~~1"l l,n 1 ieu thereof mroy bri nr; i tn nction for n recovery <br /> <br />"sninq~. ~'lcn r,l",)linqllent. o\-mer. But before such forfeiture shnIl become <br /> <br />op"rr,ti. \'~ ~ dem'Jno ahnll be mode for the amount due thereon, e1 ther in rerflon <br /> <br />or hy ~,ri ~,t~n or printed notice duly mailed to the last known addre9s of such <br /> <br />stock~ol~~rt ~t lco~~ thirty doys prior to the time when auch forfeiture is <br /> <br />to t"ke ~rfect.. <br /> <br />..\11 r' n'1cf1:m1ents nhd 1 be mo.de by the Bonrd of Directors of the compeny <br /> <br />at such +,i:n'} , in ~lUch r!mount and pnyt'!.ble e.t such times and in such insta11- <br /> <br />!:'lont:'l, r1. '".en. nnu mf.'nn~r nR the Board m6Y see fit, but in nn amount not exceeding <br /> <br />t.he n~c(',,:d. u.~~ "f thlO' C~!'le for the purpos~fJ aforeMid, flnd nIl stock shall <br /> <br />be fJ\Jbj'}~', '(' 9UC1:1 -nnunl BsoeAsment whether the wnter cnlled for thereby be <br /> <br />usod or l"lot. <br /> <br />The ntClc'{holders of record on the booka of the corpor~tion shall be entitled <br /> <br />to nt lC'Rt ten n.~ys' previous notice of the levy of any such assessment, to <br /> <br />be eiven ;~ior to th~ time of payment of such ossesmnent either personally <br /> <br />or by lcr:vin~ n" tho place of residence of eny such stockholder such notice <br /> <br />-5- <br />