Laserfiche WebLink
LANDS", and shall include lands '.rithin the boundaries described <br /> as follows: that is to say: Commencing at the North boundary <br /> line of Ouray County, Colorado, and extending North to the <br /> Gu raison River, including the entire Uncompahgre Valley North <br /> of the said North line of Ouray County, <br /> ARTICL}; V. <br /> SECTION 1.-- The Capital Stock of the Al;;ociatinn shall be one <br /> Hundred Thousand Dollars (=;10O,G.a,):an�d he divided into One Hun:i_^ee. <br /> Thousand shares of the par value of One Dollar (;,.1. C) per share, - <br /> -and said shares shall be assessable,' however, of to exneed Twenty— <br /> four collars (,39,4.0G) !er share in tt:e aggre- .ite. <br /> SECTION 2.-- Those and those only who 3..re amara of lent, or <br /> officers of rnmicipalities for them, or 000up;ats of public <br /> lands having initiated a right to acquire the sane, within the <br /> • territory described in Article lv of these Articles of Inoorpo- <br /> ration, or within such extensions thereof as ray be hereafter <br /> made from time to time under the powers.herein conferred for <br /> that purpose, shall be the holders or owners of shares of the <br /> Capital Stook of this Assooiation. For each acre of such lands <br /> shareholders ray become the owner of one share of stock of this <br /> Association and no more. <br /> SECTION S -- As a condition of continued ownership of said <br /> • shares of stock, and participation in any of the benefits there- <br /> of, each subscriber therefor, or transferee thereof in ease of <br /> transfer, shall, as soon as the right or rights Hereinafter <br /> • <br /> 26 <br />