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r� r <br /> • <br /> toted or to be acquired or constructed b; it, or by this <br /> .Association, in addition to the amount of orator to be appro- <br /> priated out of the Gunnison Elver, for the irrigation of lands <br /> in said district, shall together be insufficient to properly <br /> irrigate one hundred thousand (100,000) acres of land, then the <br /> number of snares of the capital stock of this Association shall <br /> be reduced so that the number of such shares shall not exooed <br /> the number of acres estimated by the Goverment to be capable <br /> of irrigation from such combined sources of supoly. <br /> S3CTIoy 13 -- If at the time of the doternimtian by the <br /> Government of the number of acres capable of,such irrigation, <br /> there shall have been subscribed for a number of the shares <br /> equal to the number,of acres so estimated to be capable of ir- <br /> rigation, then no subeoription for more shares shall be taken. <br /> If the number so subscribed for, however, shall than esooed <br /> • <br /> the ®stirated number of acres no capable of irrigation, than <br /> there shall be allotted to said subscribers that number of shares <br /> equal to the estimated number of acres capable of irrigation. <br /> In such allotment, cultivated lands anrll have the prsferenoe) <br /> and say excess in the number of Sharps subscribed for over the <br /> number so allotted, shall he cancelled, herd theretter shall not <br /> be issued. <br /> SECTI0R 14 — In oxeroising the right of preference to al- <br /> lotment of shares, provided for in the foregoing section, the <br /> -11- <br /> 32 <br />