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<br />j , <br /> <br />- . <br /> <br />Book 275 <br />.. <br />Page 11~' <br /> <br />.. <br /> <br />with any member of ouch stockholder's family ever the age of 15 years, or <br /> <br />by depoci ~,inG nur.h notice in the postoffice nt Glenwood Springs, ColorRdo, <br /> <br />addressed to nuch stockholder at the place of residence ~ evidenoed by the <br /> <br /> <br />recorc of +,hi. s company. The seid notice shgll be in writing, end shall state <br /> <br />the totel nmolmt of the assessment and also the pro rllta share or per centum <br /> <br />thereto to be pnid by the stockholder thus notified, and shall also st~te the <br /> <br />time or time~ rer;uired for the payment thereof, end may prescribe th8t the <br /> <br />nnme shAll bl': pnid pr\rtly of wholly in money 0)' partly or wholly in lnbor, <br /> <br />and the BOElrd of Directorn shall have authority to determine and fix the <br /> <br />value or ~mu~t to be ~llowed for nny ouch labor to be performed on the diteh <br /> <br />or property of this corporation at such time or times and in such manner as <br /> <br />the Bo~rd of Directors may require.- <br /> <br />The rightn ~nd privileges by force of the stock of the company subject <br /> <br />to the bt\rdcn~ of'oresnid shall be in Heu of dividends. <br /> <br />There ohrll be no WAter priorities in s~id ditch. <br /> <br />It nlr"n bl:) I n...tf'ul for the corporation ~o purchase any of its outstanding <br /> <br />cnpit,~] .:t.ock, but no F.uch purchase or contract for the purchase of F'uch stock <br /> <br />qlv~ll b~ 'J"1 i r. \l111~':H' by " '.1thori ty of 0 2/7; vot.o of the outetr-mding stock of <br /> <br />th(~ ~n!'!lr"n~'. "n:~lil!Hve of the otock so to be purchnsed, p,t nn flnnunl stock- <br /> <br />holder::: "v"~~.l'12:. or nt n "pecinl stockholdern mctting cfll1ec! for thr>,t purpose. <br /> <br />\'1h'.)n :'n;: 'me11 ~t.nrk thf'ill hr-\Ve been purch!1rJed, or contrllCt ~ntered into for <br /> <br />t.hn- !"'r~~;":-.... ')~ ~~h!"! !Jr'.mc, the compnny nhl.'lll h"ve the po""cr to use i to fmd'B <br /> <br />l'1.nrJ t.o 1,:';'" ":1-: r.",11 !~ct p..~DeOM1ehto on the reTr.o, i.ning outAtnnding cllpi tal stock <br /> <br />in th~ ,1 ,~.,":r :T~1\'ir.crt bv law for th~ payment of "_ny other indcb~dneM, for <br /> <br />the pur!'o".... ,.,t f.r.lyin~ tho !'urch.<1ee price of the stock eo !,urchl\9cd. <br /> <br />3f.S';'T('X 1'). ~r,,.,~c' 2f. T.l! rer-toT!:'. QuOTt!!!.!, The nffl'llrs of this cor!1orqtion <br /> <br />...h"11 b~ ~:I'~li"."(~~ ....nn i.t~ b1tf1incl'ls opcr~'tcd by n non.rd of three diree t.ors. A <br /> <br />!.:n~"T't L,:'I d' -:-",... ~.,"nl "h"l1 con~t,it.uto , qtlor\t!"1. !~11 m~mber9 of the HO'lrd <br /> <br />o.Lt.ix.':~l':.~~':!~t b~_Rt()ck hol<!~..2.Uh~!!l:.El.~Q.od Irri&~tJon ComMny. <br /> <br />-6- <br />