PROJ00305

• Contract/PO #: C153524
• Contractor Name: Redlands Water and Power Company
• Water District: 0
• County: Mesa
• Bill Number: XB 99-999
• Loan Projects - Doc Type: Feasibility Study

.

.

All of the above substations are operated by electric
driven pumps, the current for which is generated from the hydro-
electric plant located on the power canal.
It is intended that our said corporation shall be empowered
to extend any of the said canals beyond their lower termini
to serve any additional acreage of available land; also to
construct any additional lift canals above the levels of said
existing lift canals to be connected with power lift plants
and pipe line thereby to serve any available additional land,
all and each as may be found feasible and expedient.

The water from said ditches, canals and works is to be

used for irrigation, domestic and power purposes.

ARTICLE IV.

The authorized capital stock of this corporation shall be

five thousand (5,000) shares, without par value, divided into

two classes known as power canal stock, hereby authorized to

comprise four hundred (400) shares, and lift canals stock, hereby
X
authorized to comprise forty-six hundred (4600) shares. All stock
,
when issued shall be full paid; but all shares shall be assessable

as provided herein and by any by-law consistent herewith for the

,
needs of the company and of its operations; Power canal stock

shall only be issued for the use of water under said power
canal and shall not be transferable for use under any lift canal.
Lift canals above described and under any extensions thereof arid
additions thereto and shall not be transferable for use under the
power canal. tAll assessments on outstanding stock and in relation
to the right to a future issuing of stock upon full payment
t~erefor shall be proportioned as between said classes of stock
one-half (t) as much per share on power canal stock as

~-