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useful or convenient for the better operation of its said reservoir and measuring water stored <br />therein and drawn therefrom; also to take water in exchange for such stored water and to conduct <br />the same into and along said the Colorado Canal, or any other canal which it may be authorized <br />or entitled to carry water through, and to conduct water in or through to its respective <br />stockholders for use by them; also to construct, acquire, own, maintain and operate subsidiary <br />reservoirs in such places as may be feasible and convenient for the purpose of receiving and <br />storing water either taken from or to be thereafter delivered into said Lake Meredith reservoir, <br />and to distribute the same among the stockholders of the Company only, and for the purposes <br />above set forth, and for none other. <br />To acquire by purchase, lease or otherwise such real estate as the Board of <br />Directors of the Company may deem necessary, expedient or profitable; and to improve, hold, use <br />and enjoy the same as may be determined upon by the Board of Directors. <br />To borrow money for the use and benefit of the Company, and to issue securities <br />therefor in the name or the Company; and, in general, to do any and all things that may be <br />incident or conducive to the attainment of the aforesaid objects, or any at them, or to the usual <br />powers or corporate bodies. (Original article) <br />(Amendment adopted November 10, 1913) To purchase, or otherwise acquire, <br />appropriations of water, and interests or shares in appropriations of water, water -rights and cor- <br />poration stock in other Reservoir and Canal Companies where such stock represents or is the <br />evidence of title to water rights; and, in particular, to purchase or otherwise acquire water -rights <br />in the Twin Lakes Reservoir, and the Capital stock in the Twin Lakes Reservoir Company <br />representing such water rights; and all such appropriations of water, water rights, and stock <br />representing water rights to be purchased or otherwise acquired; and, to provide for the payment <br />for any or all property and rights so purchased or acquired by the issuance of the bonds at the <br />Company secured by mortgage or deed of trust, conveying and encumbering the franchises, and <br />any or all of the property of our Company, including the property purchased and the water rights <br />in Lake Meredith Reservoir of our stockholders whose water rights and water service are to be <br />Lake Meredith Res. Co. 3/7/03 <br />Feasibility of Outlet Channel Page 3 <br />