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<br />of such stockholder's family over the age of fifteen years, or <br />by depositing such notice in the postoffice at Delta, Colorado, <br />addressed to such stockholder at the place of residence as <br />evidenced by therecord of the corporation; the said notice shall <br />be in writing, and shall state the total amount of assessment <br />and also the pro rata share or per centum thereto to be paid <br />by the stockholders thus notified, and shall also state the <br />time or times required for the payment thereof, and may prescribe <br />that the same shall be paid partly or wholly in money or <br />partly or wholly in labor, and the Board of Directors shall <br />have authority to determine and fix the value or amount to <br />be allowed for any such labor to be preformed on the ditch <br />or property of said corporation at such time or times and in such <br />manner as the Board of Directors or the Executive Committee <br />may require. In default of the payment of any such assessment, <br />notice whereof shall be given in the manner nad form herein provided, <br />the stock liable thereof may be sold in the manner provided by law. <br /> <br />ARTICLE 11. <br />Use of Water <br />Each share of the capital stock of this corporation shall entitle its holder <br />of record on the books of the corporation to the use each year of a <br />pro rata share of all the water carried and distributed in the water ways <br />of said corporation under the direction of the Executive Committee <br />or Board of Directors. <br /> <br />ARTICLE 12. <br />Amendments <br />These by-laws may be changed, amended or revoked by <br />the majority ballot ofthe stockholders at any annual meeting. <br /> <br />pg.4 <br />