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<br />I <br /> <br />I <br /> <br />property uGual and neoessary in the conduct of t.lle business for which <br /> <br />said company is incorporated, an'] to do any and all thilll.!;S necessary <br /> <br /> <br />and usual in the division and use of wAter I'or irriGation, uomestic <br /> <br />I <br /> <br />or other purposes. <br /> <br />I <br /> <br />1'hird-- <br />-The capi tal stock of said company shall be t.llirty-t\\'o Hundred <br /> <br />I <br /> <br />DollarsO 3200. 00) divided into six hundred and forty( 640) shares of <br />the par value of Five Jloll"rs(~5.00) eacll whiel1 "ILaros shall be issued <br /> <br />to the several owners of rights to water from salcl canal system in <br /> <br />proportion til,~t the nu]llber of righto of each o\Jner shall bear to the <br /> <br />I <br /> <br />whole number of rights sold, and upon the f111n8 of tilis certificate <br />w 1 th the secre tary of the Sta to of Golorado J each ria ter r 19h t owner <br />shall be deemed a stocKholder to th8 ext.ent hereinbefore setforth and <br /> <br />I <br /> <br />I <br /> <br />entitled to exercise all tile riehts and priv11e,,;eo incident thereto. <br /> <br />Fourthn <br />':';ald cOlopany shall exist for a t.erm of twenty(20) years frolJl and <br /> <br />I <br /> <br />after the date of tile f11in3 of this certHicate of incorporation \lith <br />the secretary of the state of Jolorado. <br /> <br />I <br /> <br />Fifthn <br />The affairs of thiS company shall be managed by a boardof directors, <br /> <br />I <br /> <br />consisting of five members and John Harbottle, Geo. A. HOnderson, W. E. <br />Tetsell, Samuel Dc sellejll and F. J. Henderson are 11ereby desie;na ted to <br /> <br />I <br /> <br />act as such boa.rd of directors for the fir:it year of the ex15tence of <br />sald company, and until their successors are elected or appointed, and <br /> <br />qualified and the membe,s of said board oh"-ll thereafter be elected in <br /> <br />accordance y,rith the orders, judgments and decreeE of said District. <br /> <br />I <br /> <br />Court of Logan County, l1eretof'ore rendered and hereinbefore referred to <br /> <br /> <br />and 1n accordance \',lith the by laws of said company. <br /> <br />I <br /> <br />Jlxth-- <br />-The principal oHioe of said company shall be jtept in the town of <br /> <br />I <br /> <br />~terlinBf Logan County, Colorado, <br /> <br />I <br /> <br />5eventh__ <br />The principal business of said company shall be carried on in <br /> <br />Loe;an County, Colorado. <br /> <br />Ei~hth__ <br />'fhe directors shall have potier to make such prudential by-lawB as <br /> <br />t <br />I <br /> <br />they may deem proper for the iIIanae;elllent of said company in accordance <br /> <br />I <br />