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water delivered to them more than is necessary in the proper and <br />careful irrigation of their lands. <br />ARTICLE THREE <br />The amount of capital stock of this Company shall be Eighty- <br />four Thousand ($84,000.00) Dollars and shall be divided into 2400 �- <br />shares of the part value of Thirty -five ($35.00) Dollars per share. <br />ARTICLE FOUR <br />The term of the existence of this Company shall be perpetual. <br />ARTICLE FIVE <br />The number of Directors of said Company shall be seven and Ron <br />Schroeder, James Schmaltz, Wes Carlson, Roy Long, Raymond Hawkins, ✓ <br />Jim Turner and Carl Wood, all of the County of Delta, State of <br />Colorado, shall be the Directors and shall manage the affairs of <br />"the Company during the first year of its corporate existence. <br />ARTICLE SIX <br />The principal office of the said Company shall be kept in the <br />County of Delta and State of Colorado. <br />ARTICLE SEVEN <br />The principal business of this Company shall be carried on in <br />the County of Delta and State of Colorado. <br />ARTICLE EIGHT <br />The Directors of said Company shall have power to make such <br />prudential by -laws as they may deem proper for the management of <br />the affairs of the Company, in accordance with the laws of this <br />8 <br />