C153726 Feasibility Study

• Contract/PO #: C153726
• Contractor Name: Tremont Mutual Ditch Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Bill Number: SPL
• Loan Projects - Doc Type: Feasibility Study

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th... Seoret;ri:'o1 f;lis~;~lKSt;iFht~~~~t~.:h:r~~~~i~:~~:~~~~h'"

.'proo".,.:it(' inStall h., Same a .01'8.11 eX!i.,!,oe o~ Said h"adgat" to be
ohare~:i againSt the Capital Stlok of Said St0okh~1~er. i
The Trfll!lont Mutual Ditoh Cernpany Shall have a parat!1Gunt
le!!l Upon all the Stook ot" lhy StoOk..ltol:ior, to Seoure the payment or.
~1l otrlS oauSe:i by t~e cp~,st~Clti'jn ~f. .;3~i:i h~aae~t~!. "C"~~
Inter",St at th" rate of" Tom Per Cfmt. (lp:t) per annum I :
Shall be oharr;e:1 O~l all Such b111S until paid. . : '
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Aml'ln:bne':t ;#2 to '.4;rtiole IVSec.4.' !
Th~ C~pany Sha~l have a pa~am,uqt lein ppon all the ~t~Q~.
hel:i by each St0okhol:1er, to s~oure thopayment of t" a~SeSSmentS f ,
leived on the Stock. of Suoh Stookholder, ad no waterS Shall be . .
:1e11 vered t') Su oh S t 90kh d :ier un t 11 Suoh aSS~SSmen tS has been duly;
pai:!. All asSeSSmentS in th'3r;.aym"nt Qf whioh ther" Shall be :ief'ault
by a:y 8took..~ol:ier ,Shall :iraw inter...St at the rate of TWelve Per I
Cent. (12%) perannUlll from date Wben due until pa11~ '
Seotion s. .... !.
Th... DlreotorS may ieolare a f"orfeitur'or the. Capital i
Stocl\. of allY Stoakholder of th1S ~OI!lpa!lY u!ien the:ta*lure of Such
St9okh.11er to pay the &!l!lual aSSeSSments leived by the Stookholder
or a!lY in5tallmfj!,t thero.f when due, and t. Sell Sa:l.d stook. for the :
u!l~aid aSSeSSl!\entSleive1 againSt the Same re!lderine; th~ prooeedS i~l .
ell8eSS of Such unpa1:i aSS'!lSSmentS, or inStallmentS: th~reof', a:1d inte'
eSt an1 coSts if any to Suoh :1el1nque!lt St.okhol:ier. No StGok Shall
be 5011 for :ielinquent .SS~SSmentS until d~nanjSh&ll have bee~ mad~
f?r t!le WIlOU:i.t ~~c.thar4:1 on.. tltner 1.n :p"rqOilu or by m-Uten ~L._. i.
print.,d notioe :1uly mailed to 31'1e laSt known addre~S .F' S!~oh I
1~linque!1 t S tookh plder l3r puol15he:i in a NeWSpap.,r, pUbliShed in
Morgan County, Cl)loraci. , at leaSt thr1.ty( 30) iayS prior to t.hll t~ '
whlln Suoh for.fe1ture is tlll take place. or Suoh S.l1' be held. I
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