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in lieu thereof; which water so acquired in exchange or in lieu of the stored or supplied
<br />water, shall be conducted into and along the Lorimer County Ditch or any portion thereof
<br />for the benefit of its water-right owners, as aforesaid; also, to acquire by purchase, lease,
<br />condemnation or other lawful means, the right to convey water from said reservoirs to the
<br />other ditches, or through Dry Creek, in Lorimer County, or by other means, back to the
<br />Cache La Poudre River to be used in exchange as aforesaid.
<br />5°' - To acquire and become the owner by purchase, or any other lawful means, of
<br />any existing appropriation or appropriations of water, either from the Cache La Poudre
<br />River or from any streams tributary thereto, or from any other source whatsoever; and
<br />wherever practicable, with due regard to the rights of intervening appropriators, to use
<br />such purchased appropriations by conducting such waters into the Lorimer County Ditch
<br />or any of the reservoirs of this Company, or diverting the same at its headgate for the use
<br />of said water-right owners as aforesaid; also, the right to buy and sell lands, and to stock
<br />and cultivate the same.
<br />6`" - To acquire any waste, drainage, flood or subterranean waters, and to
<br />construct necessary ditches to conduct such waters into the Lorimer County Ditch, or any
<br />of the reservovs of this Company, as aforesaid.
<br />7`" - To manage, control, maintain, keep in repair and improve from time to time,
<br />all reservoirs, flumes, headgates, feeders, ditches, wasteways, outlets and other property
<br />of said Company; and to superintend and control the filling of any of its reservoirs, and
<br />the storage of water therein, the drawing of water therefrom, and the delivery of said
<br />water for irrigation purposes to those entitled thereto.
<br />8`" - To borrow money for any corporate purposes when deemed necessary or
<br />expedient, and to secure the payment of the same by deeds of trust or mortgages on any
<br />or all of the corporate property or franchises; to raise funds when in the judgment of the
<br />Boazd of Directors, expedient, at any time, by the sale or transfer of any of its reservoir
<br />sites, or by the sale of any of its stored waters, and to use the money so acquired for any
<br />proper corporate purposes.
<br />9°i - To exercise all the powers incidental to those above enumerated and by any
<br />lawful means whatever to increase the irrigation supply of the water-right owners in the
<br />Latimer County Ditch.
<br />SECOND. AS AMENDED in 1986 Thornton Agreement
<br />SECOND -That the objects for which said company is incorporated are, and
<br />shall be, to acquire by every lawful means, an additional supply of water for irrigation of
<br />agricultural lands, other irrigation, municipal, industrial, recreational, or other beneficial
<br />uses within the State of Colorado, for the benefit of the owners of water rights in and
<br />from that certain irrigation canal known as the Lorimer County Ditch, now owned and
<br />controlled by the Lorimer County Ditch Company; and among other means for
<br />accomplishing said desired end, to enter upon, prosecute, and maintain, but not be limited
<br />to the following enterprises:
<br />1$`) To acquire and become the owner by purchase, condemnation, or other
<br />lawful means, all the ditches, water rights, appropriations, franchises, and privileges of
<br />the Lorimer Water Supply Company, and by means of said ditches, and by extending and
<br />further prosecuting the constmction thereof, and by the construction of new ditches, to
<br />take, divert, and appropriate as much as possible of the unappropriated waters of the
<br />Grand, Michigan, and Laramie Rivers, and streams and waters tributary thereto, and to
<br />conduct such water so diverted by means of a system of ditches and dams into the several
<br />branches and the main stream of the Cache La Poudre River, but not so as to raise the
<br />waters thereof above ordinary highwater mark; and to take the said water or and
<br />equivalent amount, making due allowance, for evaporation and seepage, out again at and
<br />through the headgate of the Lorimer County Ditch, and into and along the said ditch for
<br />distribution among its water-right owners who are or shall become stockholders in this
<br />company.
<br />2nd-To acquire, by lease, purchase, condemnation, or other lawful means, those
<br />certain natural basins, commonly known and designated as Chambers Lake, Trap Lake,
<br />Lost Lake, and Laramie Lake, in Lorimer County, Colorado and all the rights,
<br />appropriations of water privileges and franchises of the Lorimer County Reservoir
<br />Company in connection therewith; also the dam heretofore constructed by the Lorimer
<br />County Reservoir Company, and all the appliances connected therewith; and to construct
<br />a new dam where a breach lately occurred in the natural embankment of said Chambers
<br />Lake, and by means of said dams and other appliances, from time to time hereafter, with
<br />water heretofore appropriated for and which can be used for that purpose, and only with
<br />such water and other water which can be appropriated for such purpose, to fill said
<br />Chambers Lake and to store such water therein; and afterwards, from tune to time, to
<br />conduct said water, so stored from said reservoir, and also water which this Company
<br />appropriates and stores in said other lakes of which Lost Lake and Laramie Lake will be
<br />filled from the head waters of the Lazamie River, as appropriated heretofore by ditches
<br />heretofore constructed by the Lorimer County Reservoir Company, into and along the
<br />Cache La Poudre River; but not so as to raise the water thereof above ordinary highwater
<br />mark; and to take the said water or an equivalent amount, making due allowance for
<br />evaporation and seepage, out again at and through the headgate of the Lorimer County
<br />Ditch, and into and along said Ditch, to be distributed among the water-right owners
<br />thereof who are or shall became stockholders in this Company.
<br />3`d - To acquire and become the owner by lease, purchase, condemnation or other
<br />lawful means, of those certain natural basins or depressions, adapted to the storage of
<br />water near the line of the Latimer County Ditch, known as Reservoirs Numbers 1,2,3,4,
<br />and 5 of said company (Number 5 being that certain natural basin or depression known as
<br />"Long Pond") and sufficient contiguous lands needed to wnstruct necessary
<br />embanlanents for the storage and discharge of water in said depressions; and also for the
<br />convenient and ewnomical management and care of fire same; and to acquire in like
<br />manner other convenient reservoir sites suited for the storage of water and located in the
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