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<br />oper~tion of the canal in any manner,
<br />depr'ved by the Board of Dh'ectorl! 0 f
<br />a per'od not exceed'ng h'o \'1eelcs.
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<br />IT.:J.Y as a penr,lty be
<br />the use of water for
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<br />!'he Board of D're~torf', H they l'ee fit, ,tas for-:'t!i{,";:<~{!'
<br />feit and "ell the flharep. of an:: Btockholder who becomes ,;'::i',':~;)'iA~:;
<br />deljnquent 'n the payment of any a.lllleep.ment or aelOeBl'<ments''';''::1f;
<br />ordered by the stookholders, the l'<ame to be done 'n the man....,.;,::\
<br />neX' tollow' ngl If any asseemr.ent or ,~"eellllr.1ent8 become de.';i~..,';
<br />l:jnquent after the fJfteen':days' notioe rd'orelllenUoned, a' .
<br />notjoe 'n wr't'ng shall be mailed to such stockholders at
<br />h's lallt knownpostoj'fjce address, l.'I'gned by the Secretary
<br />(or l.'Iuoh notioe may be del'vered to the Btockholder 'n per-
<br />eon) IltaUngBuch del'nquency, the amount due, and demandSng
<br />pa.y.m~nt therefor, and giving not'ce that unlee8 payment of
<br />Buch aBse allnient ot IlBse samcnt"ll, together wHh e' ght percent.. ,.~
<br />sntcrel'lt thereon, a.s aforeea'd, be ll1ade on or before a oertl\lJ)::;'. "'.e\'
<br />date ,wh' chsha.ll not be less than tn'rty days frolllthe datit",!:i!.~;\S:~
<br />of the serTi oe or maS lj ng of Buch not1 ae, the seJ d stock "" l,1;fi\i,~~l'f::
<br />be ferie' tad .',to the Company ancivd 11 there/\fter'be flold b~ ',t.h~:if?~11r;1
<br />Company. ,lfpasment be not madl! on 'or before the day IIpe"'H,~,~',':::'i~
<br />the :Board 0.1' Directore 1l1a,y declare the sa.'d flto<lk forte1 tad to"'i'<f\!''',!
<br />the COlllpa.ny~, !'he SecretarYllhall r.ote on the books of the!&~~;i<:e'i".:,tj!,~
<br />COlllpany the,1'e.ct. that] the stock has been for!6Hed., lU)d he';.~::~ljr\i"~~:~l
<br />aha~l then .give nots ce by ac',vert' f'!;>ment 'n a weelcly newspaper '~;~~f~;~'\I
<br />publi shed 1 n the Cityl of Lamar, Prowers County, COlorado (.Q4:~;'1!,;::,:,',
<br />notioe to be pubH Elhed 'n four oonsecutively weekly hsue.~t:"':"viAii
<br />such paper) ~a.t the ~aSd shal'.es of such (jel'nquent 8tockhol~-e:!:'>\:i;I~~
<br />wi'l1.be soldatpubHo sa.le for caah to the hSshsst a.nd be8t.,o,>~",!'i,iii";,t,
<br />bidder, at the office 'of the Company, or,some other plaoe11l:"'i('::;,:;;;
<br />the not' oe t~ be de s' p:nated, in the C't'y of Lamar" COlorado, ...'{J,,";.:j;
<br />for the purpose of sa~' sty'n", eeJd Q.llsesfllDent or ,asseselllent8.f:',;:::;;",;~,f}:
<br />intereet thel"eon at ther(l.te aforesa'd, and cost8:of sa.le. 4\',"'"1/:7:&/
<br />sa'd t'me a.nd 'place the Secretary Bha.ll of:fel:leidd stock fo;':"";:::"~'
<br />Bale, and aell the swne for the h:lghest and best.cafllrprioe : ",
<br />obtaina.ble, not"lese l;,han the amountot saSd ,!-s8nlhl'ient or alS~,,:,
<br />.BBment., intereet thereon at the 1:'ate nforlJl!laSd, a.nd the cost~',.',:"" ,.1
<br />of Bale, anlt.the proceeds of such ,.6ale, over ..and above the.d1~.~~.'~;~.~ii:.i;lJ
<br />amount due on said shat'efl,f1tcludirtg 'ntereet .110'<1. coah o1'."~i'in~f
<br />shall be pn'd. to the del'nquent lltockholder. fA ne!, ocrtiUoat.e".' ,'.J
<br />,or cert, fj oa.tat' shalljbe delivered to the purcha.ser, and the '. :
<br />cert' fj oate or certi HOatel! of thedeH nquent stoakho lder shall
<br />be canceled on the book. of the COlllpany~.
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<br />RESOLVED further, th~t a.ny by-hws of the Company .~~, ..'. ,1
<br />conn, ot wi th the forego'ng by-law, be, !l,nd the same's here'bl\Ji;lf"~;J-J'~'
<br />repealed.' i'/,;~~~(',
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