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<br />" Section 2. The Board of Directors may remove from oftice. the Treasurer,
<br />,,' Secretary. or the incumbent of any oftice created by the Board tor incompetence,
<br />':,neglect' ot duty, lllisappropriation ot tunds to the Association, or for violation'
<br />',i " of any ot the provisions ot these Articles or ot any by-law.' The Board shall
<br />,::";... ',:: adopt by-laws .to govern the procedure tor such removal. '
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<br />ARTICLE XI.
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<br />Section l~ The irrigation ~Jstem which it is the purpose of this Assoc-
<br />.. ,'iation to acquire, or secure control ot, is to ,consist ot a canal to be con-
<br />, structed by the United states Government to furnish water for irrigation and
<br />'domextic purposes to unwatered lands lying within the boundaries ot said Grand
<br />Valley Irrigation District, as defined in Section 5, Article IV, hereof, and
<br />euch divereion worke, ditches, laterals, distribution works, power plant, elec-
<br />,",'" , trict transmission lines. pUlllping plants, telephone system, and other works or
<br />structures as are necessary or proper in connection with the construction and'
<br />maintsnance ot said irrigation system. The headgate'of said canal is to tap the
<br />" water of the Grand River ata point near the south line of the Northwest quarter
<br />;. ot Section thirteen, Township ten South, Range ninety-eight West ef the 6th PM
<br />whence the canal will extend in a southwesterly direction through the Cnnyon ot,
<br />the Grand River for a distnnce' ot about six miles, thence in a generel westerly
<br />, and northwesterly couree between sixty and sixty-five miles to a point near the
<br />Excelsior Divide, so called, discharging its waste water into the Grand River
<br />or tributaries thereof. '
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<br />" .ARTICLE XII.
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<br />The corporate indebtedness other than that incurred tor construction,
<br />purchase, or securing control of the irrigation system shall'not exceed two-thirds
<br />of the capi tal stock.
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<br />.ARTICLE XIII.
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<br />The term 'of existence of this corporation shall be twenty years.
<br />ARTICLEXIv'. '
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<br />Section 1. These articles may be emended in accordance with the provisions
<br />.,', of the statutes of the State of Colorado in such case made and provided. , '
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<br />Section 2. These articles shall not be so emended as to in anywise conflict
<br />with any federal ~tatutes, or the rules and regulations sstablished thereunder
<br />'relating to the supply of water,to the land ot shareholders of this Association.
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<br />.ARTICLE XV.
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<br />Saction 1. This Association may accept and avail itself of or subject it-
<br />self to the provision of any law of laws enacted or that may be enacted by Con-
<br />.,gress, or the Legislative body of the state, which may be applicable to cor-
<br />';-:,::porations orgai:11zed for like purposes as this Association. SUch acceptance or
<br />,,""~:: "": subjection shall be valid when ratified by at least two-thirds of the shares rep-
<br />':',~,;'i.\>::,:"resented by the votes cast at, any annual election or any special election called,
<br />\'::?;i:;->.-:;,for the ratification therecit.N9t1ce \:If' such eleotion !,hall be given in the ',,','.
<br />':,:.":0k~,;;method preeecribed lff;::l:hee.':Arti!)lea andtheby-lawe otthe Assooiation. stating ,
<br />,:,'::3' ' the' purpose t~ereot," :,:;' :.,:' ..;", ," ,,' ",' ' , '
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