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RFSOLUTION <br />Whereas, it appenrs that not an0ugh la�d 16 now irri— <br />gated by wat6r etored in the BmiLh Reservoir to uee sll of euoh <br />�aater, or to make enid Reservoir eelf-.euetaining� nnd <br />4Phereae� wnter etored in the Mountnin HOme Aeeervoir, <br />plus r,ater available from the direct flov� righte of the Compnny, <br />ie euffioisnt only to irrigate adequately the land whioh ie now <br />being irrigated irom and out of eaid Mountain Home Roservoir <br />and by eaid d�reot ilo�+ righte, v�hioh land liee above the Bmith <br />Reservoir� and <br />tiqhereae, the total authorized oapitalization oi the <br />Company �rns originally fixed at 15,000 ehares in order to pro— <br />vido a eurplue Oi etook 1n tho treaeury, over and above the <br />numbdr oP ehares �rhioh� i,t �rae then oontemplated, it rould be <br />neceseary to iseue to irrigatore Rho were, under tha Artiolee <br />of Incorporation of the CQmpany� entitled to reoeive the enme, <br />whioh surplus, in n000rdanoe with the provieione oi the inter— <br />looutory deorea of the United 3tates Dietriot Oourt for the <br />Dietrict oi ColoraQo� in E� mntter entitled "In the Matter of <br />tha petition o� 'lhe Trinoharn Irrigation Dietriot for Oompoei— <br />tion of ite De�te�� emounte to 1393 ehnroe of eaid anpital etook, <br />and <br />�lhereae, it is coneidered to be for tLe beet lntereete <br />of the ComAa,ny and of all of its etookholdere that additional <br />tre�.�ury btodk now be eold !Ot use bf vateP b�low the 8mith <br />Reeervoir, in euoh amount that the �reater portion of suoh water <br />ehall henoetorth be ueed e.nd that tho etookholdere under thc3 <br />anme rrill pay in aseoesmente e euffioient amount to pay thair <br />proportionate ehare of the bonded indebtednese oi the Compeny� <br />