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i <br />sha 1 represent a proportionate part of the present and future <br />priorities, decrees and appropriations of said ditch; such shares <br />of stock shall be affixed to said lands, and water from said shares <br />sh4l be used only on the land to which said shares may be affixed, <br />i <br />proiriding, however, that should the said lands to which said shares <br />of Istock are affixed become seeped, washed away or otherwise <br />destroyed, in such event such shares may be removed therefrom and <br />affixed to other land of equal area. <br />The Secretary of said Company shall not received over Fifty <br />($50.00) Dollars per annum salary. The President and Directors no <br />salary, save for services actually rendered, and the Directors not <br />to Ixceed One <br />1� ($1.00) Dollar for attendance at each meeting <br />actually attended. No indebtedness shall be contracted by mortgage <br />or teed of trust without the consent of the holders of two - thirds <br />of all stock issued in said Company and by meeting regularly called <br />for the purpose of submitting the question of an issue of notes or <br />bonds secured by mortgage or trust deed upon said canal. Each <br />shar0holder in said Company hereby consents that the Company may <br />collOct, catch and divert from his lands such waste and surplus <br />water as may result from the use of such shares owned by such <br />landowner from the use of said water on said lands, in a tail or <br />wasto ditch at the lower part of said lands, which said tail ditch <br />shal be constructed so as to occupy the least possible amount of <br />6 <br />