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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receive part or all of his water at such designat8d place and
to turn i.t back into tt1e ditch.

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Section G. No stockholder shall be elltitled to a change
of ttle point of diversion of either all, or part of the water
represented by his shares of stock except by permiS!5ion of
the Board of Directors, and any stockholder desiring to use
water foy his land must notify either tIle Secretary of the
Company of the Superintendent in actual charge of the ditch,
prior to the comtnenC8tnent of tIle irrigatiflg season, what laJld
he proposes to use water upon, by virtue of his particular
stock, during the next irrigating SeaSO!l; PROVIDED, as to the
water so wssej foy land!~ the preceding year, no notice shall
b,?:? '(E'qui'((1d.
l~ ch<).ngE;, dLl'(in~~1 thf.-? i)"l"'i~lc.it:inq '~:::.ea!~;on~ of thE~ POil1t of
diversion of either p~rt or all of a stockholders water may
be granted by the Board of Dir~ctors temporarily~ BUT FOR
SPECIAL REASONS ONLY, and if no other stocktlolder is thereby
inconvenienced, and without setting a precedent for ttle
futur8~ by such permission.

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Section 7. No person~ pefsons, cCrmpany or corporation
shall be entitled to take, Yec~ive, or use any of the waters
of t~1e said CcrmparlY or of its (:anals, ditches arld iY'Yigatiflg
system, e~cept that such person~. persons, company of
corporation be at the time a holder of stock in our said
Company 211d then only upon the basis of eighty shalpes of
stoC~( rspvesenting crne cubic foot of water per second of
time, and as provided fay under ths regulations adopted in
the By-Laws~ except only as may be allowed by t~le Bo~rd of
Directors tSfnporarily fYOfn timo to time; AND EXCEPT as may be
allcrwed by the Board crf Directors under a carriage contl~act
foy c2rryiJlg adjudIcated or storage water. The terms of a
carriage con.tract are .to be det~rmined by the Board of
Directors and tilE original contract shall be signed by the
Pr8siderlt o.r the Company an~ by ttle party or parties owning
said adjudicated or storaqe water 2Jld by the leqal
"~I')Y~C'~I-,.t.~'I-"~/'~ 'f~'~ tl-l'~ ql':'L""'-1 I~'l~ee~ D~t('I-, r~fTJn~r-J'Y'
I _. r ..~ _., ~ I_I ,..... _ I ~ .. .._ _ I. .~... .. .. ., ~. .~... r- 1.;, .. "

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AF':T I c:t_E \! I
Stockhcrlders and Directors

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Section 1. ThF:: .:'lnnu,:3.1 fnr:::(::;tin<';l of tl'lF:: ~~;tockhold(:::"(:;:, of
saie! COITlpaflY shall be held on the first Saturday of FetlYU2ry
of each year llereafter.

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Section _. Special meetings of the stockholders may be
c'alled as provided by law.

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Sectiofl 3. There shall be five Directors for this
CompanY1 said Diyectors to be stockholders 311d to IJ8 electe(j
a.t afl annual meeting to serve foy a term of .thyee (3) yeal~s
(0!.3C]'j" Pl...llbic notice: of th(.:.::, timc:.2' ,;:\rlc:1 1:31,;:(:.::1::-: 0'[-" hr::.lcJ.inq ':::~.I,..lch

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