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. II / . such meeting in one of the weekly newspspers, then published and printed at Fort tlorgan in said County and State and the secretary shall deliver personally or deposit in the Post Off tee at Fort Morgan. Colorado, at l~sk-thirtv d~y's heforp-~Jch meeting, a copy of tne Notice properly addressed to each stockholder, signed by the President or Secretary, stating the time and object of said meeting, a majority of the entire stock issued shall be necessary to constitute a quorum and in case a quorum does not attend the meeting, then the stockholders present may adjourn such meeting for a period not exceeding sixty days and at such meeting or any adjourned meeting thereof, the Board of Directors shall be elected in the manner provided for by law. Section 2. If for any reason the Annual Heeting shall not be held on the day fixed in Section 1 of this Article, the election of Directors may be had at any subsequent meeting of the stockholders at which a majority of the stockholders is represented provided that such meeting shall be called by a majority of the Board of Directors; and provided further, that public notice of the time and place of holding such meetings, shall be given in the manner provided by Section 1 hereof; and provided, further, that if a majority of the stock be not represented at the meeting so called, then same may be adjourned by the stockholders present for a period not exceeding sixty days. Section 3. Special fleetings of the Stockholders of the company may be called by the Board of Directors by resolution passed at any meeting thereof upon a majority vote or upon written request of stockholders of the company representing one-third of all its stock then issued by giving the same notice and in the same manner as for the calling of Annual Meetings in which notice the object for which the meeting is called shall be stated and no other business shall be transacted at such meeting, except that stated in the call for the same. Section 4. At all meetings of the stockholders the majority ot the shares of the stock of the company must be represented, either in person or by proxy in order to transact any business. . . ARTICLE IV. Stock . Section 1. Certificates of stock shall he issued to every contract holder of a contract from the South Platte Land Reservoir & Irrigation Company for a water right in the Jackson Lake Reservoir and in lieu of the interest represented by the same therein as provided in said contract and each holder of such water right shall be entitled to the same number of certificates of stock in our said company that he holds of such water rights in the Jsckson Lake Reservoir and Irrigation Company, and.in lieu thereof, up to the number of one thousand five hundred fifty (1,550) being the number outstanding at the time of the organization of our said comoany and which is the amount of the entire capital stock thereof; either by virtue of being the O1ffier of such water right heretofore issued such stockholder, or the assignee the same having been issued by the South Platte Reservoir and Irrigation Company and to whom shall be entitled to such stock as a purchaser, or the assignee of the purchaser, of such water right. Said certificate shall be issued at the ratio of one share of stock for each of sai1 water rights, provided, however, that no certificate shall be issued to any such water right Olffier until the party claiming the right to the same shall present satisfactory evidence to the President and Secretary of this company that he has a legal title to such water rights. . '\