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PROJ00548
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PROJ00548
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Last modified
11/19/2009 11:43:28 AM
Creation date
10/6/2006 12:01:13 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153430
Contractor Name
Manvel Canal and Irrigation Company
Water District
0
County
Prowers
Bill Number
XB 99-999
Loan Projects - Doc Type
Feasibility Study
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<br />-~.,.-- <br /> <br />I <br />I <br /> <br />A'R'I'IctB <br />T. <br /> <br />. <br /> <br />. <br /> <br />If in the oistrifutiOll of ",~ter any stoc~ho]jer at "ny tima faile <br /> <br />to receive his or her urotJortionate ehnre, tha Comnnny ehall not l:e lie,"le <br />'1 ' <br />to such stockholder in dnnlagee if sue:': fpilure ~6S causod by en error ill <br /> <br />Judgment on the part of thbae c~erf,ed 71th the distribution of .ater or by <br />1 <br />reaeon of circ~~et&ncoe beyond the control of such pereone, but ehaJl only <br />I <br />be liable ir. caBe euch failul'e todhtribute ,..ater equelly ""6 the r~,ult <br />I <br />of 60me dllful diecrirr.inrticn !\I;DinGt such !\tockholjer on the part or the <br />I <br />Directoro or of those chnr~,.d by the dir~ct(rs .-ith the diatl'ibutioll of <br />i <br /> <br />I <br />, <br /> <br />I <br />I <br />.... Each shs.re 0' stoc\-- issued sha~ 1 te sub) t'ct tc er. annual pro-ruta <br /> <br />aeeeeerr.ent for the moinienJnce end operating expeneee of the Compnny'~ canal <br /> <br />and the eXT-ense. of ex~endilng, enll'lrlCing fond improvin~ the canal, conetruct- <br /> <br />ing reservoirG, purchasing 'property, and otr,er debt6 of tne Company ir, ~n <br />, <br /> <br />water. <br /> <br />OP1RATIO!Ll1:D EX PEl; SES. <br /> <br />, <br />amount to he detenni ned at Ith~ ref'uh,r A nnua J meeting of the stockhol ders or <br /> <br />at a special meetin~ called for that purroae; snd a ffia!ority of the stock- <br />I <br />hol'lere "hall have po..'er otl a ereciel meoting called for that purpose to <br /> <br />levy eny opecial "r.eassment rer,dered necoesery to meet unforseen contin- <br /> <br />~8ncies in oper"tin" Slid aJ.er aXl'.",fle8 of the calla) or of the CompAIlY. The <br /> <br />otockholdere may fix the da~e of payment of ~egular or spec~al aaaesomante <br /> <br />or &uttorize tile directoro to fix such dnte or datee and the said 1l88eSsments <br />I <br /> <br />shflll hecome delinquent tilirty dayo after the dete fixed for payment; and <br /> <br />shall dra.' intereet thereon; at ("le raie of ien per cent per flmum. In the <br />I <br />abaer.ce or an authorization as to Lime of poyment or delinquency, the <br />I <br />directoro runy fix the date~ <br />I <br />
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