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<br />or not. <br /> <br />Section 4. Institution of suit to foX"eclose. <br /> <br /> <br />The Board of DirectoX"s shall institute in the corporate <br /> <br /> <br />name of the Association any and all law-ouits neces~ary to <br /> <br /> <br />enforce any of the terms of that certain contract dated <br /> <br /> <br />Janua.ry 4, 1928 or of any other contract between the United <br /> <br /> <br />States and the Association or of any subscription for stock <br /> <br /> <br />to the Association or of any contract or water right applica- <br /> <br /> <br />tion with the United States or of anJr other instrument in <br /> <br /> <br />writing either to the Association or the United States. The <br /> <br /> <br />indebtedness aeainst land of any stockholder, water user or <br /> <br /> <br />land o~er shall be in the amount and according to the terms <br /> <br /> <br />of said contract dated January 4, 1928 or of any other'con- <br /> <br /> <br />tract between the United states or the Association or of any <br /> <br /> <br />subscription for~ock to the Association or o! any contract <br /> <br /> <br />or water right application with the United states or of any <br /> <br /> <br />other instrunwnt in writ~ng to the Association or the United <br /> <br /> <br />States and/or in the amount and according to the terms of any <br /> <br /> <br />assessment or assessments levied against his shares of stock. <br /> <br /> <br />Section 5. Suit instituted after delinquency. <br /> <br /> <br />Upon the failure of any stockholder, water user, land <br /> <br /> <br />o\vner, water ri~ht applicant or contract holder to pay any <br /> <br /> <br />indebtedness, le~J or assessment mentioned in or provided for <br /> <br /> <br />or referred to in these by-laws or in Articles of Incorporation <br /> <br /> <br />or in said contract dated J~uary 4, 1928, or of any other <br /> <br /> <br />contract between the United states and the Association or in <br /> <br /> <br />any subscription for stock to the Association or in any con- <br /> <br /> <br />tract or water right application with the United States or in <br /> <br /> <br />any oth0r instrument in writing either to :the Association or <br /> <br /> <br />the' United States as and when due the Board of Directors may <br /> <br /> <br />institute a suit on behal! of and in the name of the A~Bociation <br /> <br /> <br />under the Articles of Incorporation or these by-laws and/or <br /> <br /> <br />said contract dated January4, 1928 or under any other contract <br /> <br />.' <br /> <br />or ~ubscription to the Association or contract or water right <br />-10- <br />