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<br />use of water and to dispose the rights of carriage, <br />storage, and distribution of water for irrigation and <br />other beneficial uses therefrom to said Company's <br />respective stockholders, to sell and dispose of water <br />rights, rights of carriage and storage for said purposes, <br />to our respective stockholders; to levy assessments pro <br />rata upon the stock of the stockholders of our said <br />corporation for the operation and maintenance of the same, <br />to borrow money and convey said property or any part <br />thereof in trust as security therefor and to sell and <br />convey any part or parcel of such property for the uses <br />and purposes herein set forth or as may seem best for the <br />tllfral interests of all concerned. <br /> <br />The cornmon stock shall be issued to and the <br />ownership thereof shall be limited to the owners of <br />lands, and to the company as treasury shares, as <br />described in the Bylaws of said corporation. Each <br />stockholder shall be entitled, during the irrigation <br />season, to acre feet of water from the total capacity <br />of the canal system in the same proportion as his <br />stQck shares to the total number of shares issued and <br />outstanding. <br />Without, in any particular, limiting any of the <br />objects or purposes or powers of the corporation, it is <br />hereby expressly declared and provided that the corpor- <br />ation shall have power to do all acts or things nec- <br />essary, incidental or convenient to do, or calculated <br />directly or indirectly, to promote the interests of the <br />_oration, or enhance the value or render profita,ble <br />. of its property or rights, and in carrying on its <br />business, or. for the purpose of obtaining or furthering <br />any of its objects, to do any and all acts and things and <br />to exercise any and all powers which a natural person <br />could do and exercise and which now or hereafter may be <br />authorized by law. <br /> <br />ARTICLE IV <br />The aggregate number of shares which the <br />corporation shall have authority to issue shall consist <br />of 7,000 shares, with no par value. <br /> <br />-2- <br /> <br />i <br />I <br />~ '\1 <br />I ' <br />I' <br />~ <br /> <br />I <br />! <br />I <br /> <br />I, <br />I <br /> <br />I' <br />I <br />I <br /> <br />i' <br />, <br />I <br />I <br /> <br />: ! <br />I, <br />! ; <br /> <br />:"1 <br />, <br /> <br />INDEX <br /> <br />Page <br />Articles of Incorporation --.----.------- 1-4 <br /> <br />By-Laws ..---------------------------------- 1-11 <br /> <br />Rules and Regulations-------------..--.-- 1-2 <br /> <br />P ena 1 tie. s-------.--..- .----.----. ------~--._--.-- 1 <br />