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• <br /> irrigation of such lands, and also to supply water <br /> for irrigation and incidental domestic purposes to <br /> • Water right owners who acquired such water rights <br /> heretofore from The Platte and Beaver Improvement <br /> f:ompany, and their successors and privies in <br /> interest, and to no others. <br /> EIGHTH, The amount of the capital stock of said <br /> Company shall be One Hundred Eighteen Thousand , Seven <br /> Hundred Fifty-four dollars ($118,754) , to be divided <br /> into 1,187.54 shares of one hundred dollars each <br /> Said stock shall be non-assessable, except as by law <br /> provided for the maintenance of the canal of said <br /> COmpany. The subscription to such stock shall be <br /> limited and confined to those persons and bodies <br /> Corporate only, and their successors in interest, who <br /> p have acquired water rights from said canal , and its <br /> � f �� � � ��• os3no'h, for irrigation and domestic purposes <br /> incidental thereto by purchase from, and grant and <br /> license of The Platte and Beaver Improvement Company. <br /> Such subscribers shall only be entitled to the stock <br /> of this Company upon executing and delivering proper <br /> transfers of their said water rights to this Company. <br /> Stock in this Company shall be subscribed for and <br /> issued in the ratio of eight shares of fully paid <br /> stock for each eighty-acre water right acquired from <br /> The Platte and Beaver Improvement Company, as <br /> aforesaid , and upon any subscription to stock, a full <br /> credit of one hundred percent shall be given upon <br /> such transfer , provided such water right shall be <br /> tree and clear of all charges or dues assessed <br /> against such water rights by said The Platte and <br /> Beaver Improvement Company. The portion of such <br /> subscriptions thus unpaid shall be subject to assess- <br /> . ments for repairs, superintendence and maintenance of <br /> the canal , and such other claims as may be legally <br /> incurred on account of, and for the benefit of such <br /> canal. The capital stock of this Company shall be <br /> used only as a basis for assessment of, and the <br /> division of water among the holders of its capital <br /> stock. <br /> Only persons, associations and companies owning lands <br /> situated below and susceptible of irrigation or <br /> domestic use incidental thereto from the Upper Platte <br /> and Beaver Canal Company, shall be eligible to become <br /> • <br /> -7- <br />