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<br />� said corpor�.tion, i.n the Countiee oP Costilla �nd
<br />Alamose, in the 3tate of C��lor�do, includin�? the
<br />maintenance and operation of reaervoirs for etorin�
<br />water, ma.intena.nce and opera.tion of reservoirs for
<br />storing water, maintenance and oreration of l�iteral
<br />or' bro.nch irrigation ditches; froin the tna�.n ca.n»ls n.nd
<br />ditches, Hnd from the reservoi.rs of sa.id cora»a.ny to
<br />such loc�:lities, in ea.id Count�� of Costi7.1P a.r.d
<br />, Alamosa, e.s will ena.ble the Rtoc!.hold �re of said
<br />company to wa.ke tlie fullest �i�id most beneficia.l use
<br />of all water eo atored, conducted a.nd delivered for
<br />tne pu'ra�oser herein set fort'ri.
<br />�.
<br />Sectio�z 3. If it is f'ouiid to be wise Fuid
<br />ex-�edient t': &OCj CO11E.�I'Llt::t� O:.%CI'8.1'ic? :'Ilt3 iA��l!?L'c.lri
<br />other c�.nrls, ditches ;;.,id ree�r• oir tYlATI ihose.
<br />DropoRed to b^ e.cc?uired frou� ��.id T►ie Triucher�a. Irri-
<br />ga.tion District, for tlie pur he si,eci:ied.
<br />Seci;ion 4. To borrov+ uioney to c�irry on tne
<br />purposes a.nd objects hereinbel'ore snecified; to
<br />iesue bonds, notes, debenture:� or otlier evid:.nces of
<br />indebtedness tllerefor, of whFi.tsoever kind or n<�ture,
<br />in the naaiie of the Company; a.nd to assi�;n, mort�;a.cr,e
<br />or ,pled�e the nroperty, rin;'•�ts Hnd frr�iichiaes of the
<br />Cornpany, as security for the renayraent of nny money
<br />so borron�ed.
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<br />Secti^n 5. To do or" ne:rform �.ny nnd all acts
<br />cr thincr�• avhiCh �«ay �+e iiici�ic:�n�, nFCeHS�x�,� or nroner,
<br />or oonducive to the attt�in:��ent nf thc� a.f'o•resa.id
<br />ob�ects, or any'of thern, or to the 1161191 �oM!e.rs af
<br />cornorate bodies cornnarHl�le to thia coruo.r��tion.
<br />ARTICLE III. CP.PITA*�I7ATION
<br />Tre capita.l atock oi s�+.ia cornor-�tion el�all be
<br />Seven Hundred Fifty T!��ous�nd Dollarc:, vrl�ic.h sha.11 be divided
<br />into fifteen tr.oue�+nd sha.rea, of the ��r v:3lue of' Fifty
<br />Dollars per sna:re. S�iid c��.pit��.l �toc!� sh�.Il be a.sse�s�.Ule
<br />a.s nrovided in Sec. 144 of Ch. 41 of ColorH.do StP.tutes
<br />Annotated, 1`i�5, nnd not otiierwise, for tne nurnose of pro-
<br />ar+ding funds for the uiaintenance �.nd operr:tion oi' its
<br />irriga.tion system, for the purnose of pt�ying iiidebtzdness
<br />oi tlie Cor,.pan�!, i,oa;soevc:r cre.r anci ilow�soever eviderioed,
<br />. a.n3, in gener�+.l, f'or the purpo:,e of cr�rr��in�; on the business
<br />of tne Ce:;�r;•n,� :•nr'� T�ro;aotin,r t!ie: inter�:�t� of itR stock-
<br />��ol:ers. And, v,ith refere���.e to ���id c,-oiiti.]. �tock the
<br />followin� ox��visi:�n�z a t?r:rery spec:i.?icrl.ly iu:no�ed u��on
<br />the issu�.nce, ���.].e or ��ie��>>r;iti-:a ti
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