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<br />. <br /> <br />. <br /> <br />Sac:t1on 4. Aa.....-nt of Stock. <br /> <br />-' <br /> <br />a. <br /> <br />The capital ctock of the ColllplUly <br />shall be aaae.sed when necessary <br />to ra1.ae funds to keep its ditche., <br />canalsl plants!. reservoirs, and any <br />and al other tacUities in good <br />repair or when it 18 nac:esaary to <br />raile fu;;ds to pay any indebteclne.. <br />theretofore contracted or the int- <br />er&st thereon. Such 88&u8_nt ahall <br />be payable in IIIOtley or labor or both, <br />prov1ded, however, that ",hethar or <br />not labor shell be a,ccepted in lieu <br />of IIlOney shall be at. th.e sole dis- <br />cretion of the Board of Directors. <br />No allsa8~t shall be made unleas <br />the que.tion of making such asaes.- <br />lIIent .hall first be s.:bm1tted to the. / <br />stockholders of such Corporation. at <br />an 8IIIlUill _ting. or at e spec1B.l <br />meet1ng called for thllt purpose and/ <br />b '~1_~~Ofthe stock l.""'A.-l ~ <br />u . , repreMllted either by <br />the ClWIW<r in person or by proxy, <br />voting thereon, shell vote in favor <br />of mak1ng auch assessment. provided, <br />however. th at in tha case uid stock_ <br />holders faU to hold any such llIOet1n>: <br />or faU to make or authorize any sucli. <br />e....es~ by the lat clay of April in <br />any year. then the Directors of the <br />c:o...pany shall have power to make any <br />such e.llaesmaent at any regular or <br />sp8C1a.l D:l.recton' Maat1ng called <br />therefor for such year. <br /> <br />, r ,~ <br />'i . <br /> <br />!,...~ ~ <br /> <br />, <br /> <br />.r.... <br />'),- .. <br />, I ~ <br />i \ .... <br />> <br /> <br />b. <br /> <br />~lannar of Aasese1ng. - AaaesBlMI1te <br />shall be levied pro-rata on the 8hares <br />of each Claa. of stOck as follow8: <br /> <br />1. The aaM.ament per .hare of Class <br />II stock .hall be set fu-st. All <br />ClasHs of stock shall be ent1tled <br />to vote on such assessment. <br /> <br />2. <br /> <br />The auessment per sh are of Class <br />D stock shall be 1/2 the a.seS9B8nt <br />set for Class II stock. <br /> <br />3. <br /> <br />The assessment per share of Class <br />A stock shall then be set. All <br />clallaes of stock shall be entitled <br />to vote on 8UCh allsasslllent. The <br />allses-u: par lIhare shall be set <br />at not lus than double nor lIIOre <br />than four t1mell tbe amount of the <br />assespent per share of Clan B stock. <br /> <br />Tha asseS8lll8l1t per share of Class <br />C stock shall be 1/2 the ....es...ent <br />Ht for Claa. A atock. <br /> <br />4. <br /> <br />- 4 - <br />