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<br />I <br /> <br />t' to subscription to the t>m ",ook-hOlders of this ",omponY .nd <br /> <br />other o'Wncr~ nf stock in 'j:he Lower T'et.h~"!'l Ditch CompanY, on such <br /> <br /> <br />Ir!T\s '~nll cOld1tions end in SUCll 1<ltiO ~s t'he bOHrd of directors <br /> <br />IY prescribe- If for MY rea son them tire euthorized <br /> <br /> <br />e~pl t~ stock is not subscribed, the suhscri bC"'~ to stock shl;\:l <br /> <br /> <br />'J t wi th . t endi n~ be 1i able fo r th ei r SUo scri P ti 0" s .no " he c011",p on Y <br /> <br /> <br />shall proceed to db bus1t. es!'! wi th the 5 tock 8ctUa.l! Y subs cr1 he~. <br />I <br />I <br /> <br />EIGHTH: <br /> <br />of 5~iJ eOTpor~t1on <br />That t he term of exis t.,r. :::c,,8hl\1l be 20 ~.e~l"s. <br /> <br />l:ll~TH: Tr.at the board of 05.1 rectors of sa id cOmPanY ~h~ll <br /> <br />'onsist of fhe p....ons. The nomes of the direet"re ",,0 ere <br /> <br />..ereb~ oppointed to ",.na"e the affeirs of seid compony for the <br /> <br />Ifirst yeaT of its existence I'lnd until tr..eir successors are elected <br /> <br />I~re end .".11 be. Asa Sterr:n"" H",ry ". Irons, CorneliuF Reinks. <br />~~_~d~ and j )",!:',V )CHIH4/' . <br />I ' <7 .7 ?7 <br /> <br />TF1'lTH: Tk\at thP. princ1P'3.1 office of sa id companY shall be <br /> <br />in Greeley, 1~ the county of W~J and State of ColoraJO. The <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />pI"ineip.l business of soid corporetion sh,l1 he c8rri.~ on in sBid <br /> <br />county of Weld. <br /> <br />ELEVmTH: That. th e boerd of .lir ~~tor~ of said eorporation <br /> <br />shall have power to adopt ~nd enact such prudErl t1~l by-laws as theY <br /> <br />deen proper for the ml!lnegemEnt 0 f th e e ff'eir 8 or ...he eompany, not <br /> <br />inconsb tent 'Irl. th the '.9W'S of this sttite for tl-- e rurpose of cerryim <br /> <br />on all 1':1nds of business .11th1." thr objects and p'lrpozes of sa1,'\ <br /> <br />cOmPanY. <br />