C153796 Feasibility Study

• Contract/PO #: C153796
• Contractor Name: Hawkeye Lateral Ditch Company
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: HB98-1189
• Loan Projects - Doc Type: Feasibility Study

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and if, at any time, the water 1s being used by such stockholder
on his stock, the, water may be shut off and kept shut off until
such asseBsme~t be paid.

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Second. The Board of Directors may order suit brought
against the stockholder to recover the amount of such assessment.

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Third., The stock of the stockholder, so in default,
may be sold at public auction to the highest and best bidder for
cash by the Secretary of the company on the order of the Board of

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Directors, after demand for the payment of the amount due thereon
shall have been made, either in person or by written or printed
notice duly mailed to the last known address of such stockholder
at least thirty days prior to the time when such sale is to be
made, provided that no more shares shall be sold than are necessary
to pay the amo~nt due upon all, and that the proceeds of any such

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sale, over and above the amount due on such shares, shall be pa.id tic

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the delinquent stockholder.

AHTICLE VI.

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In case of any emergency, when the annual assessment, so

made by the stockholders shall prove to be insufficient to meet the

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requirements of the company, the said stockhold(~rs may, by special
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meeting, upon due notice of its purpose being given, at any time

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levy a. further assessment in like manner as the annual assessment

for the purpose of providing for such deficiency in revenue, pro-

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vlded, however, that no assessments, eeneral or special, in any one

year shall exceed twenty-five per cent of the value of the stock,

after the year 190.5, but the assessment for said year shall "be

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Two Dollars ($2.00) per share to cover cost of enlargement for

said year.

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ARTICLE Vll.

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The capacity of this ditch, is constructed and to be con-
structed, is four hundred (400) inches, and the shares of stock to bE
issued by the order of the Board of Directors shall be on the basis

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of one share foT each inch of water to be carried therethrou6h, and

to each owner in proportion to such holdings, and the value of the

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same for the purpose of assessment is determined to be

dollars per share.

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