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<br />"j;;!f~0'f::i'
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<br />said, corporation, in'the Counties of Costilla and
<br />'<,>"Al,ainosa," in the,' State of Colorado.. including the '"
<br />.;:,h,'Jll~~t:n:tena.~ce' and operation o~ reservoirs' for storing'
<br />::.w:at,e,r, maintenance and operation of reservoirs for _'
<br />'s~Q.:r;';,t.:n.g wa~er, maintenc;mce a,rid op,erati.on of. later~l
<br />ort/branch lrrigation dl tches):from the ma,in CBJ1B,ls and
<br />ditches, and fr.om the reservoIrs of"said comm\J1y:to
<br />sWj.h'-:.loca,li ties,- in said Oounty of Costilla B.nd ','
<br />", Al~mo,~a, as ,will enable the stoo!.choldBl's of said
<br />company ,to make .the fullest and most beneficia.l use
<br />of. all. w,at.er'.:.'!3(?,~':gdjor:ed'; oonducte~" a,nd deli.vexed for
<br />the purposes "'herein' ~et forth~ .
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<br />Section 3. If it is' found to be wIse and
<br />,exped~.entJ tG adE},uire, con'stl'uct, op~ra:t;e end rtlf,!.intain
<br />oth'er' canals ,. di tohes end reservoirs,' than those
<br />proposed to 'be .B,cquired from aRid 'The Trinchera. 1r1'i-
<br />ga,t;,~n District, for the pur"9oses-.herein: speO"if:Led.
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<br />. Section 4. To borrow money to oarry on the
<br />purp""ses and Objects hereinbefore spedfied; to
<br />.". :,1~s!l_~" bonds, j1J?,tes f debent~re:3 or othEii" evidences, of
<br />. ,.. indebtedness;,-:j;herefor, of whcl,tsoeV,e'x kind or nature,
<br />:'.:,"-.:t;n,?:'/.t~__~" naine -9i~/".the CompanYi and to assign, mortga.ge
<br />'of)Jj,~,e<;lge the,'property, 'righ~s 8,nd franchises o.f, the
<br />'.,G,ampany, as seauri ty for,~ the repayment of any money
<br />/sQ':borrowed. '
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<br />Section 5.. To do oX'" perform flJ1Y and all, aot"~<
<br />,'0]:' thin~~o:' which ID8Y "':1e incident, neoes,se.ry or '91'0:961",
<br />,.:".,,,"',,,<or.':;Qpl).ducI ve to., the 8,ttaimnent oftcw...e,to;c,esaid,..._.....
<br />.... ..,.--:,~.i"~'i~.':ob}eC'tE;:, at. 'any.~j6f'..th~m, or to' the usual :9owers of .
<br />'corpora.te bod-i'es oQmp'a.raole' to this corpoTcdion.
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<br />~qTICLE III. CAPITALIZATION
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<br />The ca.pi ta.l stock of said corporntion shall be
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<br />Seven Hundred Fifty Thcusand DOllars, which sha.ll be divided
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<br />into fifteen thousand shares, of the pai' value of Fifty
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<br />Dollars 'per sha,re. Said capi tal stock shnll be assessabl.e
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<br />a,s provided in Sec. 144 of Ch. 41 of Colora,do Statutes
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<br />Annotate~" 1935, and not otherwise, for the purp0S~ of pro~
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<br />cviding funds for the, mai'ntenance end opera,tion of 'i ts
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<br />.irrigati.iOJl system, 1:01' the purpose of, paying indebte~l1e,ss
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<br />of the Corr~pa.ni:t, howsoever creAted, and hows,cever 'evidenced;
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<br />B.nd, in genera,l, for the purpo8e of carrying on the business
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<br />of the CO:'.llf.'....ny nnd promoting the inter:;:_sts of its stook-
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<br />1101der:s. And, V',1.i.th .referen.ce to 8.?.id C?_!,:d.taJ. stock the
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<br />following provls.i.ons fI.re hereby' specificrlly ~mpos~d upon
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<br />.the issuance, sf.l.le or die!)oAition thereof.
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