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<br />::lee. 1;'. <br />Subordinate <br />Officers. <br /> <br />Sec. 16. <br />Proxies. <br /> <br />Sec. 17. <br />Assessments. <br /> <br />( <br /> <br />Sec. 18. <br />Seal. <br /> <br />....;ec. 19. <br /> <br />i <br />\, <br /> <br />Sec. 20. <br /> <br />The Board of Directors shall have authority to hire <br /> <br />such subordinate officers and employees as they may see <br /> <br />fit for the proper conduct of the business of the Com- <br /> <br />pany. <br /> <br />No proxy will be allowed to vote at a stockhol~ersl <br /> <br />meeting unless such proxy is submitted to the Secretary <br /> <br />for registry more than forty-eight (48) hours before the <br /> <br />hour set for the meeting, whether annual or special. <br /> <br />T,his Corporation shall have full power and authority to <br /> <br />levy assessments on the capital stock for all lawful pur- <br /> <br />poses. In default of the payment of any such,assessments, <br /> <br />the stock liable therefor may be sold in the' manner pro- <br /> <br />vided by law. There shall not be measured nor delivered <br /> <br />to any stockholDer or his, her or its assigns, any water <br /> <br />from the ditch or reservoir of said Company for any pur: <br /> <br />,'(" <br />poses Uilt:Brl all assessments, installments or moneys of <br /> <br />whatsoever kind or nature, due said Cornpany, shall first <br /> <br />have been paid. <br /> <br />The Corporate seal shall consist of the name of the Com- <br /> <br />parry in a circle, with the ,-lord SEAL in the center thereof, <br /> <br />an impression of which-is attached to the margin hereof. <br /> <br />(SEAL) <br /> <br />Tl-.<.. ;;iu.jority o=~ the issu"-d ,,,,.,0 (;G~,::t::'r,,:..ir:c: :stcd of 'lhe Sout.h 0,.LC...:: <br /> <br />In'.i.:..:.:.t.ion and F:(;s'?:'vuLr Cr.:.,,_:,;,)' ::[;:::.]1 'r),,: sd'ficiFO'nt to tr~~r:3~ct 3.ny <br /> <br />:;.nc 2.J 1 bl:st,rJ"'ss ::..t i..l':~ ~r,r;u,J] or :':;ECL..:] rrj~ r.t.,i]'l:~ of tbe stocJ.:r.clc=rs, <br /> <br />e..:c,=,::t .~s c+j'''r;',.ise rEe :,..:ir2u by ls.rl. <br /> <br />The annu~l stockholders meetins shall be held on the <br />2nd ~onday in February of each year at the hour of <br />7:30 olclock in the F,~. in Loveland, Colorado. <br />