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<br />The book" of the Cor.IDr,"y "hA)] re olceed for~"e t','ecBfer of
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<br />stock ten ~fJYG bl;.!ore t!ie annual m"~ti.n~ 0: t>e ntocKi:.oi. :ET5 and rel.,r-:r.
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<br />c ~ oeed ur.ti 1 ~ft'.:l' such meo,tinr,.
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<br />EAch ~tockholder eh"J J be er.titJ,.~ to receive froo, the Coarnny'.
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<br />cCl~,Al for tht3 irrjg,...tion of 11Jnde lyir:g \ll"i.:it:r t>,e linF3 of raid canal, or
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<br />exiet:sione therf:!of, ownen 0:" eo'nt.ro1 i,ed b~1 t~,~ ~lnid Etu,;~::-:'::.1~ier, his V€lOdE4C,
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<br />Resignee or 1es8e6. F!l~.l f':lr fi'JC:-, t~11ditiol"Bl r:urr{J'~eE for '::rlier; the p.Elid
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<br />stockhoJder IT.BY re entitlod t(! 'H3e 6uch ""htl~r, "':8.ter i!1 t~:e followillf: ,.;,(,l.mt,
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<br />to->!i t:
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<br />For ~nch Ghrn'e of tiH: c::Ti Ll'] ~t(\crc ')ne-hund~",~jti1 (1/100) of H
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<br />cu\.'ic foot 0: V'r,tor per second of tiwe. th:.l":. j~ tr) ShY, for ench one r.')~l:'::I'pd
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<br />(100) ehr.:res oi" ~:tock one (1) cu'nic foct o! v.t,t~n" ~ar ,:r)C(.~:';d of title,
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<br />f-r-ovije1 thr't "-0 ri~ht to the ure of' '''r:tt.lr r,~Jlal'l ecer'.le to :.he holder. of
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<br />any "tock in lee. than Jots or tV'elve (12) e'1Free unlesn ti:e lande owned or
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<br />ccntro1iod by till;' shn.reho1'~er, ",'hiel.. Cf,n 'he irrig!,ted !"ro:'1 'Vle Corr.pfH:Y:C
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<br />c!".r.aJ, fhal J hDV"~ en oreo or 1 3~ tr,(-,!: ten (10) ncr~6, in wilieh CHse the
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<br />R08\'d of Di !"8C torr, mey 7rant th 0 ri ~ht to us e v'ater i 11 t> e q'Jfinti ty ancl for
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<br />the are" they ::.-r.y see fit er.d troper '.'ithi~ the ratio or one h'mdred .:"pres to
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<br />eirhty acrl3~; e.nd provided !urther thnt iT'". ce~ee v-lhere !-;toci: has heen UflCc!
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<br />to ar-ply water uron n J:lIrtiC'llfr tl'nct of l'md, ~V'ned h:: L:',,: ~l:nrehoJ:ler, no
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<br />trans1'er of tj-:I:~ ri.~_:]t tr) use -I.....j'is Etock fro:;i PFdd l..rEct to ~!1other tr't1ct of
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<br />of lnnd shn1J be ['",nde or per1ll1t"ted if the BOllrd of Dir,~otors r-o orders r,eve
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<br />!I" to 5"C'o cortior. of the liS" 1" io in exces. of on,~ :::':1:lre,j she.res to e;f:"hty
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<br />ocree; end t'le. ~o"roi of !lir'2<'tlrr, :r.'<i ,t ",y tim" h:; racolution fix the use
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