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<br />. <br /> <br />. <br /> <br />(e) Allocation of shares. Each purchaser of a share of <br />Class F stock shall be required to own either a share of Class A <br />or Class E stock. If a shareho!der presently owns more than one <br />share of Class E stock, all except one share shall be deemed to be <br />a share or shares of Class F stock. When such shares are sold or <br />otherwise transferred, then new certificates for both Class E and <br />Class F stock will be issued. <br /> <br />f. Price. <br />the price as set <br />Directors. <br /> <br />The Class E and Class F stock shall be sold at <br />forth from time to time by the Board of <br /> <br />(g) Assessment. The Board of Directors shall determine fair <br />assessments for Class E and Cla6s F, Junior Lift Canal Stock, <br />prior to the annual shareholder6 meeting and shall submit such <br />proposed assessments to the shareholders of said meeting. The <br />assessments for Class E and Cla6S F stock shall be determined <br />after the aSsessments on other classes of stock have been <br />established at such meeting. <br /> <br />(h) Vote. Each share of Class E and Class F stock shall <br />entitle the-owner thereof or hi6 duly designated pro~y to cast one <br />vote at company shareholder meetings. <br /> <br />(i) Rights and liabilities. All the rights, privileges, <br />restrictions and limitations which pertain to Classes A, B, C and <br />D stock not inconsistent herewith shall apply to Class E and Class <br />F stock. <br /> <br />The foregoing sets forth <br />ByLaws of Redlands Water <br />day of ~",..j <br />Board of Directors. <br /> <br />the true and correct Article VI to the <br />& Power Company as adopted on the <br />, 198~, at a special meeting of t~ <br />- <br /> <br />Secretary <br /> <br />President <br /> <br />-' <br />