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<br /> <br /> <br />20 <br /> <br />out all accounts and vouchers; shall be the .custo- <br />dian of the corporate seal and attach the same to <br />all papers and documents when required, and in <br />general shall do and perform all duties usually <br />imposed by law upon the secretaries of corpora- <br />tions of this kind including the giving of notices of <br />regular or special meetings of the stockholders and <br />directors. <br />SECftON 4 - BODd: The board of directors <br />shall require the secretary to execute a good and <br />sufficient bond to the Company in an amount not <br />less than $10,000.00, for the faithful performance <br />of his duties as secretary. <br />SECTION 5 - Treasurer: The treasurer shall <br />act as financial agent for the Company and shall <br />disburse the funds of the Company under the di- <br />rection of the board of directors. The deposit ac- <br />count shall be kept in the name of the Company <br />and the treasurer shall see that the books of ac- <br />count are kept in proper form and according to law, <br />and upon the discovery of any delinquency in the <br />accounts of any of the officers or employees of the <br />Company he shall report the same in writing to the <br />president, or on his absence the same to the vice- <br />president. <br />SECftON 61 He shall pay all vouchers which <br /> <br />22 <br /> <br />ARTICLE VI <br /> <br />Corporate Stock <br />SECftON 1- Certlftcates: Each stockholder <br />of the company shall receive a certificaie or cer- <br />tificates for the number of shares of corporate stock <br />to which me may be entitled, to the extent of one <br />share ofstock for each ten acres ofland to be irri- <br />gated and fractional shares may, in the discretion <br />of the board, be issued for fractional areas. Bach <br />share of the capital stock of the said Company so <br />issued shall be fully paid, and each certificate <br />thereof shall be signed by the president and secre- <br />tary of the Company, under the seal thereof, and <br />shall be numbered in the order in which it is is- <br />sued. <br />SECftON Z - AU....doD of Water: Each <br />holder of capital stock shall be entitled to receive <br />when available from tbe company's canal,water <br />for domestic purposes and for the inigation of lands <br />within the Counties of Otero and Pueblo lying un- <br />der the line of said canal, owned or controlled by <br />tbe said shareholder in the following amount, to <br />wit: Por each share of said capital stock, eighteen <br />hundredths (18-100) cubic feet of water per sec- <br />ond of time; that is to say for each eight (8) shares <br /> <br />21 <br />shall have received the approval of the board of <br />directors or of any person duly aut~orized by them, <br />and he shall pay no voucher, account or order which <br />has not received such approval. <br />SECTION 7: All vouchers, ~il1s, orders and <br />accounts paid by the treasurer sh\lll be filed with <br />the secretary, and a detailed stat4ment in writing <br />of the receipts and expenditures pf the Company <br />and the balance on hand at the d4te of such state- <br />ment, and his books and accounJsby whomever <br />kept. shall be at all times open \0 the board and <br />any committee thereof and to any stockholder, for <br />inspection. <br />SECTION 8: At the expiration of his term of <br />office the treasurer shall turn over to his successor <br />all moneys and effects in his hands belonging to <br />the Company, accompanied by a full detailed state- <br />ment and report of the same. <br />SECftON 9 - Superlnte~eDt: The super-. <br />intendent shall hav.e charge of ~ operation of the <br />Company's system and shall act In all matters un- <br />der the direction of the board of directors. His ten- <br />ure of office and that of tbe secre(ary and treasurer <br />shall be at the pleasure of the bo~rd and they shall <br />receive such salary for their serVices as shall be <br />fixed by the board. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />23 <br /> <br />of stock one and forth-four one hu~dredths (144- <br />100) cubic feet of water per secon4 of time: being <br />the amount allocated for the irrig~tion of eighty <br />(80) acres of said lands. With regard to lands in <br />Pueblo County, Colorado, such w~ters to be used <br />in Pueblo County, Colorado, such waterstb be used <br />in .Pueblo County, Colorado, are limited to lands <br />lying East of tbe West boundary li~e of Range 60 <br />West of the 6th P.M. The ComJl8/ly shall not be <br />under obligation to furnish to any ~tockholder any <br />particular amouni of water, but eac~ holder of cor- <br />porate stock In this Company shall be entitled to <br />receive from the Company's canal' for the irriga- <br />tion of lands within the Counti-. of Otero and <br />Pueblo lying under the line ofsaidf.anal, such'pro- <br />portion of the water flowing in "'lid canal at any <br />time as the number of shares ownojd by him bears <br />to the number of outstanding shareS of stock of the <br />Company. Provided. that if at any time any por- <br />tion of the outstanding stock of the,Company shall <br />not be needing or ca\ling for water to which it is <br />entitled, then the shares of any stQckholder need- <br />ing and ca\ling for water shall re{:eive such por- <br />tion of the water flowing in the can~1 as said shares <br />hear to the whole number of shares:needing of call- <br />ing for water, so that when all of ~be stock of the <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />