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<br />.. <br /> <br />. <br /> <br />. <br /> <br />'. .,...~ <br /> <br />of water unliel' stoc~ O'\'lo'~.~;"p.(1i P <br /> <br />y) thE: pnrti,;Q1"r trr.ct5 o~ lAnd owned ~;y <br /> <br />it i~ urad, to ~:-tf? exie!";t of or,e h'mnrl d <br />, <br /> <br />the etockhoJ 1er end upon d,icl; <br /> <br />e....,oree to ei~l1ty perea. nft.er V'..;~iGJ. no tn~rj!'\ff're fro!:-, Q;,,,!" t":lCt to <br /> <br />another aheJ J be made or perlai tted except D'l end upon or:ler find approv~J <br /> <br />of the Board of Directors, <br /> <br />, <br />The Company eh>1J j r,ot I he cor,ei,!ered ,," gunrnnteeing the the <br /> <br />hol dere of "tock the use "t fd 1 I times of t'le fuJJ n;:.o'-lnt of the ,'ater <br /> <br />specified in their r,tockhOl,hngl. but ,,!!cn etockhoHer 8"01 j be entit1 "d <br /> <br />to r. proporti or.rte "he,'e of thei""tel' rlo,'i,\;' in the cl.<,.l to \"hich <br /> <br />the etcckholderft ~etlor1l11y mny he f!!Jiitled. ....';.,ici.1 8h~r,') O::t',p.l1 be the <br /> <br />pt'"or.ortion r:'18~1 etock beflre to thf;l "'l,.,t i ~'B OU~~ t.r.l:'li.n~ ~~oc'.. o! the Company <br /> <br />e.nd not exceedin~ the nmount mel,ti onP.'1 in the ~,toc~ certifice.tee, In <br /> <br />order that t>,e ..eter may be e'1'4t"l"Jy dietrihuted orlonl!, th'~ "tock-holdere <br /> <br />J <br />.1 <br /> <br />the directore an', nereons intrueted by them ,"itn the t:l",nege!:'ent of the <br /> <br />car.e] E.T'e emr:oll!l?rari to T'ot!!te V:'A.ter ".~:;(on~ COI':r.11:uere or to iUrl,ie the <br /> <br />1 <br />....~ <br />: <br />, <br /> <br />di tcr. into dietricte for the :U.atrihutior, of ,'ater or tc adopt. s\lch other <br /> <br />metrlode as in their jud,r:;rner.t may frorl~ time to time bt::e ""i.lFl necer-garj' to <br /> <br />8CC'.ire to aJ j "tockhoJ rlers tceir pl'Ororti onAte ahare of ,.atsl'. <br /> <br />;d <br />...~, <br />~]r <br /><., <br />., <br />