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