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L) <br /> etrae& as affecting, or intending to affect, or in any way inter- <br /> fere with the present vested rights of any person to the prior <br /> use, or delivery, of the natural appropriatod flow of-04-waters <br /> ARTICLE XV <br /> The individual property of the shareholders shall be <br /> ezecpt from liability for incorporate indebtedness of this <br /> Association. <br /> ARTICLE XVI <br /> The corporate indebtedness shall not ecoeed two-thirds <br /> of the amount of the capital stock. <br /> ARTICLE XVII <br /> s corporation shall endure for the tem of <br /> twenty years. <br /> -25- <br /> 46 <br />