PROJ00528

• Contract/PO #: C150019
• Contractor Name: Pine River Canal Company
• Contract Type: Loan
• Water District: 31
• County: La Plata
• Bill Number: SB 99-173
• Loan Projects - Doc Type: Feasibility Study

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certifica.tes of stock, shall be made by the Secretary on the
books of the Company.

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Section 1~:~~ ThE:? ~;C\icl BOi;:..l"c:l of Di"r"f?Ct()j'-s rnEIY, in
additioll tl~ the remedy herein provided, cause suit to be
brought in the name of the Company, against such delinquent
sharelloldsr for the amount of any and all assessments,
charges, penalties, interest, costs and expenses against said
stock, as herein provided to be levied aJld charged against
the safne~ at any time when the right accrues to sell said
sto,:k as llGrein provided.

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Sf~ction 13. Ei:;"ICh ~;.tockh()lc:ler, in acceptino ~;tock 011' thE'
tr311sfer thereof, shall be deemed to have acqu~esced in and
agreed to all of the provisionS of these By-laws, Rules and
F:F:qul ,::(t ion'.;:",.

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A~:T I CLE V
Use and Distribution of Water

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Section 1. The wateys of said ditch shall be divided so that
eigllty shares of the capital stock of said Company shall
en"title the holder thereof to one cubic foot of watoy per
s~2cond of time, OY, if thE'r8 i~:;; not :3ufficiE'nt l,.)'::ltel" in 'the::
ditch to ,oaks a cubic foot of water per second of time foy
I::?ach (-2ighty ~;ha'(r~~, of ~stock, tllP.ll i2ach ~:;hElir(":::'holdf2r ~s!'i,:\ll be?
givefl water from s~id ditch fof the purpose specified in
qU211tities bearing thQ saine ratio to the whole 21nount of
stock issued and outstanding and such division is to be made
on ttlS basis of a continuous flow of water to each
shareholder arid the Superirltendent shall regulate the same
accordingly. PROVIDED, NEVERTHELESS, At all times, that no
shareholder or conSLlmer shall be entitled to demand and
receive water or use the same while 11e or 5118 (nay be in
arrears in the payment of any of the assessments~ costs,
penalties, illterest or charges against tIle same, ,~r if Jle
s:,h,~o\ll f!0:"li1 l:;r nE"~Dll::oct: to kE!E~p Mis headg.i::\tE:- or F'i;lysh[:;"tll flLlm[:~
in condition to permit a rapid and 8€CUrate adjustment and
measurement of t~je flow of wateY~ and as to the fact of such
failurE or neglect, or of accuracy of measurement the
Superintendent shall be the judge.

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Section 2. The Secretary shall order and requir"e tIle
Superintenden't to shut of'f tIle water supply fyom the
consumers afld shareholders in arrears. The Board of
Directors may, FOR SPECIAL CAUSES, extend the tinle for the
paymellt of tile balance of said asseSSinents as late as July
l~::;.ty but n()"t; J.r::lt{-:?i"u FUF~THEF~y :if '\;hr.0 F'inc\ F~ivE~l" Ij"i'"iSlilti()1"1
Dii~!:,ti(:t (F'F:ID) ~J"{;5(-?j;~:;m~::!nt:s; i;;ll"'{':?' not p<:tidy t:11C2 F'in("? !?i\/c~'(
Canal Company, by direction of the PRID will termina'le
delivery of storage water illto said headgate of individual (5)
lateral. Individuals will be notified irl w~'iting pyior 1;0
this ~ct ,:,f t(?rmillatie,n.

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