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<br />-. ~d;)ia';fwith ,the other remaining ahareholden. For purpoaea of thia
<br />" :i"pf8"v'iil ion 'each ' 'ran ch, aa referred to in Art! cle . Nin th ., ahall be "
<br />"Cl>naidered' aa pne ahareholder, whether owned by one or moreahare-
<br />,'>haidl!ra 'If,f: SiJ ch'; equal, r igh t to part! c1pate !lball nob bl'~ affected t by.
<br />"':,:ih l! ~ f a9tJ'th a t Sa i d!l tock~ol del" ho I d!l"'j iJn i or" or:- !Ie n i or wa tel' ' ,as
<br />f f~if" tSl' n yP tx,anSfe...'of " !lhare!l iapart"frpm 'the? prope~ty:;::to \whi ch , "
<br />.>. '~,.ppur,te nan t;t!lh a~.l' b!!)!I ub je ctl;>to', the~1 aW!l - of" the State of "
<br />~~e9,~r:din'l,jbhange--in point Ofdherd()n a,:,d cban1e" in U!le '
<br />'!I"intended,that,'the water which" is, the' !lub)ect, of !liJch _.
<br />!I~~~~~~~,~~~a.tl,il;~~!llfl!reh '1'1 <:if ,a t i~nl;or [<:it' a~ ~ if fl!ren t
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<br />"'~t;,ik~('f.i~~~c.";~.,.~ h*i1~ f!ficl~lL c, . ,. .
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<br />'i~<::~;,f:~,. '~"';,c"!<:' ,I, ARTICLE' ii NINTH Ii :
<br />{ji,bThe~e"Yahal1 only be a total of five vote!l in the' A!I!lOciation..
<br />'!;iJith each te cord owner of the fOllOWing! f he i,(jeacr i bed" ranchea ,_,
<br />;b~1.~,9~.entitled to ca!lt one vote at' any meetihg of ahal'eholders:
<br />';,.\,;:; i)";,,.} See Exhibit A,' attached hereto and incoq><;>ratecl ,
<br />',:'" . herein by refe,rence, "i' ,:,' , .'
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<br />'. ../ . .. '., . 'I.,' t' , , ,
<br />EiHih\reC<:irdowner of':'the above-de!lcribed ranche!l !lhall be entitled
<br />;1&; 'iJh e"vo t e , reg ard I e!lS of the number of !lh a re!lb f !I t Oc k which
<br />'"acli"siJch record owner of the above-de!lcribed ranche!l may own. In
<br />*, ,', . .
<br />th~ eWent that any of the above-de!lcribed ranches !lhall be !lub-
<br />Cliv,ided <:ir the owner!lhip of !luch ranch divided, the one vote to
<br />whibh !luch ranch i.'entitled !lhall be divided proportionately
<br />also, Whether each such ranch above-described -'is entitled to
<br />junibr or senior water rights shall in no,w;,y effect this limita-
<br />tion on voting rights'~" ...'
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<br />ARTICLE "TENTH":
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<br />Jlnyand all of the above-described water rights are restricted to
<br />th~ use of such water during the period May I to October l.of
<br />each year. During Such May I to October I in any year, any share-
<br />hOlde~may call for the water to Which he is entitled at any time
<br />bGt hot at ~ny other time." . ,
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<br />THE VOUGA RESERVOIR,
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<br />. . restden. m /
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<br />ecretary . . . {. ~
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