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termed delinquent. The sale of delinquent stock as a means of satisfying <br />an assessment has been resorted to only once during the entire history <br />of the company. The rights to a share of the Company's water supply as <br />represented by each share of stock is inherent in the stock, and in the <br />event of sale, is automatically transferred with the stock. The following <br />table shows the assessment per share of stock from the year 1909 up to <br />and including the year 1965. <br />YEARLY ASSESSMENTS <br />Year <br />As smt. <br />Year <br />As smt. <br />Year <br />As smt. <br />am <br />mm <br />1926 <br />$.5.00 <br />1946 <br />$7.25 <br />m m <br />m o <br />1927 <br />8. 00 <br />1947 <br />9. 00 <br />m= <br />mm <br />1928 <br />8.50 <br />1948 <br />13.00 <br />1909 <br />$5.00 <br />1929 <br />8.25 <br />1949 <br />12.00 <br />1910 <br />5.00 <br />1930 <br />8.25 <br />1950 <br />12.00 <br />1911 <br />4. 00 <br />1931 <br />7.50 <br />1951 <br />12. 00 <br />1912 <br />5.00 <br />1932 <br />7.00 <br />1952 <br />12.00 <br />1913, <br />6.00 <br />1933 <br />4.50 <br />1953 <br />14.40 <br />1914 <br />7'. 00 <br />1934 <br />5. 00 <br />1954 <br />18, 60 <br />1915 <br />7.00 <br />1935 <br />4.25 <br />1955 <br />18.00 <br />1916 <br />7.00 <br />1936 <br />6.00 <br />1956 <br />16.00 <br />1917 <br />7, 00 <br />1937 <br />5.75 <br />1957 <br />9. 00 <br />1918 <br />7, 00 <br />1938 <br />6.75 <br />1958 <br />15. 00 <br />1919 <br />8., 00 <br />1939 <br />7.75 <br />1959 <br />14. 50 <br />1920 <br />11.00 <br />1940 <br />7.25 <br />1960 <br />14.50 <br />1921 <br />8.00 <br />1941 <br />4. 00 <br />1961 <br />14.50 <br />1922 <br />6.50 <br />1942 <br />6.25 <br />1962 <br />14.50 <br />1923 <br />6.50 <br />1943 <br />8.00 <br />1963 <br />14.50 <br />1924 <br />9.50 <br />1944 <br />7.25 <br />1964 <br />15.00 <br />1925 1 <br />12.00 1 1 <br />1945 <br />7.25 <br />1965 <br />16.00 <br />At present, in addition to the above described board of <br />directors and the elective officers of President and Vice President, there <br />are the appointive officers which are the secretary and the secretary- <br />1 -7 <br />