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<br />. <br /> <br />. <br /> <br />be kept on file at the principal office of the corporation and shall be subj ect to <br /> <br />inspection by any shareholder at any time during usual business hours. Such list <br /> <br />shall also be produced and kept open at the time and place of the meeting and shall <br /> <br />be subject to the inspection of any shareholder during the whole time of the meeting. <br /> <br />The original ledger or transfer book. or a duplicate thereof. shall be prima facie <br /> <br />evidence as to who are the shareholders entitled to examine such list or share ledger <br /> <br />or transfer book or to vote at any meeting of the shareholders. <br /> <br />ARTICLE XI <br />SHAREHOLDER WATER RIGHTS <br />Section 1: Each shareholder shall have the right to receive. at the lateral <br /> <br />headgate in the bank of the corporation's canal. water for use upon lands specified <br /> <br />in the shareholder's certificate. in an amount not exceeding lS-one-thousandths of a <br /> <br />cubic foot of water per second of time for each shareholder. No transfer of water from <br /> <br />one tract of land to another shall be permitted without written approval of the board <br /> <br />of directors and no water will be furnished to holders of less than one share lots <br /> <br />without written approval of the board of directors. <br /> <br />Section 2: Each shareholder shall be entitled to a proportionate share of the <br /> <br />water flowing in the canal owned by the corporation which is the proportion such <br /> <br />shareholder's stock bears to the entire outstanding stock of the corporation and not <br /> <br />exceeding the amount mentioned in the share certificate. Certificates of stock do not <br /> <br />guarantee the holder thereof any particular amount of water. but only their propor- <br /> <br />tionate amount of such water as shall be available at the source from which the system <br /> <br />of the corporation is supplied. <br /> <br />13 <br />