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<br />10- 1-03; 10:25AM;ANDERSON CHAPIN PC <br /> <br />;970+842+5563 <br /> <br /># 14/ 26 <br /> <br />tn~ irrigating canal or canals of this Company, <br /> <br />BOOK 852PAGE 439 <br />;"0' Q31 ;',l< lA 5, 3" <br />_,~" U ' "Cc'" <br /> <br />is intended <br /> <br />to be applied are the irrigation of lands lying thereunder, <br /> <br />to or in wnich stocknolders of this Company or their lessees, <br /> <br />or privies in interest, have or shall ha~e title or interest, <br /> <br />and for domestic purposes incidental to the irrigation of <br />such lands, and also to supply water for irrigation and <br />incidental domestic purposes to water right owners wno <br />acquired such water rights neretofore from the Johnson and <br /> <br />Edwards Ditch and their successors and privies in interest, <br /> <br />and to no other. <br /> <br />EIGHTH. The total number of autnorized shares of the <br /> <br />capital stock of this corporation is 6,300 shares, divided <br /> <br />into two classes. "A" stock representin~r the Johnson and Edwards <br /> <br />Ditch under Priority No.5, dated June 1, 1872 for 15 C.,F. s. <br /> <br />of water and" B" stock representing the ~rohnson and Edwards Ditch <br /> <br />under Priority No. 29, dated April 10, 1886 for 48 C. F. S. of <br /> <br />water. The total number of shares of such"A"stock authorized <br /> <br />is 1, sod' sha'res without nominal or par value. The total number <br /> <br />of shares of such"B'~ stock authoirized is 4,800 shares without <br /> <br />nominal or par value. Said stock shall be non-assessable, <br /> <br />except as by law provided for the maintenance of the canal <br /> <br />of said Company. The subscription to such stock shall be limited <br /> <br />and confined to those persons and bodies corporate only, and <br /> <br />their successors in interest, who have acquired water rights in <br /> <br />the Johnson & Edward Ditch, and its branches for irrigation and <br /> <br />domestic purposes incidental thereto by purchase form, land <br /> <br />grant and license of the owners of the Johnson and Edwards Ditch. <br />Such subscribers shall only be entitled to the stock of this <br /> <br />Company upon executing and delivering proper transfers of Johnson <br />and Edwards Ditch Company water rights to this Company. Stock <br />in this company shall be subscribed for and issued in the ratio <br />of 100 shares of fully paid stock for one (1) C. F. S. of water <br /> <br />acquired from the owners of the Johnson and Edwards Ditch, as <br /> <br />aforesaid, and upon any subscription t:o stock, a full credit of <br /> <br />-4- <br /> <br />I <br /> <br />I~ <br /> <br />~ <br /> <br />~ <br />