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RFSOLUTION <br />Wher�as, it appeare that not onough la�i ie now irrl— <br />gated by water etored in the 8mith Aeeervolr to uea sll oi euoh ' <br />•�aater, or to make enid Resarvotr eelf-.sustainingf and <br />19hereae, water etored in the Moun�ein HOme Reeervoir, <br />plus v,ater available from the direot ilov� righte o! the Compnny, <br />is eufiioient only to irrigata adequately the le.nd Whiah is now <br />being irrigated from and out of said Mountain Homs Roe9rvoir <br />and by eaid direot iloo+ rights, �hioh land liee above the Bmith <br />Reservpir� end <br />�ihereae, the total authorized oapitalitatlon of tha <br />Company vrns originally fized at 15,000 ehe.res in order to pro— <br />viQo a eurplue oi etook in tho treasury, over and above the <br />nwnbr�r of eharoe �hioh, S,� vrae then oontamplatad� 1t �:auld be <br />neaessary to iseue to irri gatore Rho wore, undar the Artioloe <br />of Incorporation.of the Compeny. entitled to reoeive the samo� <br />• whioh aurplus, in n000rdanoe with the provieione ot the int9z— <br />looutory dearee of tha United 3taties Dis�riot Oourt for the <br />D3etriot of ColoT�ndo� in h matter entitled "In the Matter oi <br />the petition of '�he Trinohern Irrige,tion Distriot ior Oomposi— <br />tion of ite Debts�, nmounte to 1383 eharae oi ssid oapital stook, <br />nnd <br />�Jhereas� it ie coneidsred to be for the beet intereete <br />of tha ComAqny end of all of ite atookholdere thst additional <br />tre��ury btodk now be sold �or uee bi �ater b�1ow the emith <br />Reeervoir, in suoh amount that the greater portion of suoh water <br />ehall henoeforth be ueed snd that thQ etookholdere under thv <br />enme rrill pay in nseosemante a suffloient amount to pay their <br />proportionate share oi the bonded lndebtednese oi the Company, <br />• <br />• <br />� <br />