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presented at any other meeting of the shareholders when thereto <br />previously requested by persons representing at least one-third of <br />the capital stock of the company. . <br />2nd: To supervise all the acts of the officers and employees, <br />require the Secretary and Treasurer to keep full and accurate books <br />and accounts, and to prescribe the form and mode of keeping such <br />books. <br />3~d: To cause to be issued to the subscribers for the stock of the <br />company, under the provisions of the Articles of Incorporation, <br />certificates of stock in proportion to their several interests, not to <br />exceed in the aggregate the capital stock of the company; all stock <br />so issued to be subject to assessments, and forfeiture and sale if <br />such assessments shall remain unpaid ninety days after the same is <br />due. <br />4th: The Board shall have discretion to allow the assessments to <br />be paid in labor or machine use to be given to those who owe <br />assessments. The money value of any labor or machine use shall be <br />determined in the sole discretion of the Board. <br />5th: To audit and adjust all bills and accounts against the <br />company; and as such are allowed, to direct the President or <br />Treasurer to draw a check or warrant on the treasury for payment <br />thereof. <br />ARTICLE V <br />SECTION 1: The Board who shall have the direct physical <br />management of the canal shall appoint a ditch rider. He shall <br />divide the water from the canal pro rata to all shareholders <br />according to their respective rights. He shall make correct reports <br />to the Board of all persons hired or employed on the canal or <br />elsewhere in the interest and on behalf of the company, with a <br />statement of their compensation. He shall perform such other <br />duties as the Board may direct. <br /> <br />