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<br />, <br />! <br /> <br />. <br /> <br />. <br /> <br />poy the 8tll11e Bhall be made. <br /> <br />Seotion 4. Notioe of 8esessment. <br /> <br />The Sooretary on or before fifteen days in. Mvanoe ot the <br />dsh ot payment shall notU'y each shn:reholder ot an)" and all such <br />aesessments and of the mnount thereof o.nd the time payable ' <br />either personally or by depositing tho seme in the p08tofti08, <br />postl!\ge pUd. nddreelled to the stockholder I1t h:l.s'last known <br />addrel8 Il8 .hown by the, record. of the Association. <br /> <br />., Seotion S., Intere.t on deUnquent 8llsessmenta. <br /> <br />All 81llle8ll111enta shall bear interost at a rate to be <br />:. fixed when 'lihe a~8eS8lllent is mode trom the elate dUll untUlla14. <br /> <br />.ARTICLE vr <br /> <br />Enforcement ot collect1ona. <br /> <br />" Section 1. T1Jne atter delinquency. <br /> <br />The BolU'd of Directora after thG due date tor all7 unpaid <br />aSI!I8Dsmcnt. levy. charge or other payment ar,ainst the share a ot <br />stock of the Association or under any subscription tor stock to <br />'the Ansociation or under all;\'" contract or water right applica- <br />tion with the United staten or under all7 other instrument in <br />" writing providing for paymenta either to the United Staten or <br />the Association whether running to the Asl!loc1o.tion or the \ <br />United states or under 8117 contract between the United states <br />anll the Aesocintion. may :proceed on behalf' at IIlhe ~sooiat1on <br />IInd 1n its name to enforce the colleotion of' the Ilame against ' <br />lend. water 1'1ghts, and/or appurtenances deso1'1be4 in Bll7 suoh <br />subsc1'1pt1on for stock to the Association or .in any such con- <br />tract or other inetrument in writing, g1v&n tel' the purpose of' crea- <br />,: 'ting. lien to secure pe.ymant thereat. in the manner provided in <br />the Articles 01' Incorporation, in these by-law. and/or 1n 8117 sueh <br />. cOntract or other 1nstrqment b. wr1 t1ng. " <br />'..,"., <br /> <br />Eect10n2. Nature at lien. <br /> <br />'.. For the purpose ot mutually protecting the .Association, <br />stockholders. water right spplioatnll. ' contract holderA, water <br />"" ueers or land owners and 1nsurl~ the prompt collection of' Bq <br />, ,., and all assessmenh. charges or othor payments to be patd or <br />" " 'J 'made by 81.1oh parties or 8117 of thom under the terms at any sub<> <br />'scription tor stock to the Association or under all7 contract <br />or water 1'1~ht application with the United Statea or under <br />, " Illl7 other instrument in w:ttting providing tor payments to <br />. the United States or the Aaaoc1etion or under sll7 of' these <br />'., by-laws or the Art1ole. of' Incorporation now e:d.ating or as " <br />'., the 8llIIIe ,mq hereatter 'lie _enaed, , eaoh ,such I11b8Cr1:pt1011 tor <br /> <br />.' ::'. <br /> <br />.. " <br />.: i"~ <br /> <br />:. I' <br />., <br /> <br />.... <br />',. ,..!..:..:w.,;."". <br /> <br />".., . ! -' <br />.. ,";_'8L.;;.::". ...:;,:", <br />