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<br />5 <br /> <br />that tha water., water !'lgl1ts a."c1 ll[lpropri"tiOn~so ,J.j ,'orte". .,1<1 <br /> <br />otored are to bo u.:sod 3..TUl distrlbutod tor d.i)r'lo5ti~ pa~o5es j:or <br /> <br />irr.igation ~rl otr..or lJar.cti~lal uses, 1Joth d.iroc~lY t:..on stlid c1.itch,. <br /> <br />and indiroctl;>, thro'Uc;1: ,,-,,-d "y means oi' .tora!~o in sdd re.or!oir to <br /> <br />and 'UpO::l the l'1l1ds belonging to s,"id compen:r, an..'1 to otter lauds lyi:a(l <br /> <br />under said system under and by virtue 0:1:' proper a:1U la11tul :nontracts <br /> <br />0:1: sale or lease and under proper rel\1l1atior.s tor the use theroot. <br /> <br />V. <br /> <br />That the arnou.'lt 0:1: tJ:o cllpi tal ston!: o.t our .aid company ie <br /> <br />one hundred and tli't:r thOUSP.ncl ($1500.00) dollaro, o.n'l shall bo divided <br /> <br />into three tJ'OUS",,<l (30')0) share. ot the par 'mlue of rirt:r ,lollar. <br /> <br />($50) ror eaell sliare. <br /> <br />VI. <br /> <br />The ten:! ot existencc 0:1: our .aid 001"1'''-'.: s!,,:l1 be twenty <br /> <br />(20) :rear., with power thereatter to e..;:l;end tho torn or exl.tence, in' <br /> <br /> <br />tODn mId mnncer a~rovided b:r the laws ot the .tato ot Colorado. <br /> <br />VII. <br /> <br />That the aft airs and nR.'1aeement or our sdd COl"IPll.'lT shall, be <br /> <br />controlled by a board ot directors nonoi.t~ 0:1: five per.ons, L'1d tho <br /> <br /> <br />names ot the board 01' diroctors l'Iho shall r=3lle tr.e arrairs ot the said. <br /> <br />company :1:or the tirst year 01: it. oxlstor.ce, o.nd =ti.l tho tirst lLoJ:d~. <br /> <br />in February, 1902, a:ld ur-til their suecesnor. aro duly elected and <br /> <br />qualitied are H.. C. Ax!drews, Burto,,; D.3anborn, George U.H.ouston, <br /> <br />Ed\fin S.Pinnoy and Raymond F.lI'alter. <br /> <br />VII!~ <br /> <br />The pri~nipRl otxice ~ place or hu~ineS5 or our said co~ <br /> <br />p"r..y sllall bo at Greele~', ~lel.t :,;ounty, Colorado. Tho company nay also <br /> <br />have a!J..oc~u:~7 en ot:' ieo at tho city ot Ft.Co1 L U1.3" Lnr.iJ~er COU!'.ty} <br /> <br />Colorado} aud the prl:~clpal hu:J1ne3~ or our 5"1;1 ~OI:lp:'::Y rJ\all be <br /> <br />carried 011 1:\ tho !)v'.lr..t18:'l Q~ La.rimer and We1(1, i:l t~o :1tRto or Cola... <br /> <br />rudo, where tho car.als,reserroirs (IUd principal p;:.rt or tho propertY'. <br /> <br />':''4.. <br />