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<br />- <br /> <br />',1" <br /> <br /> <br />ARtIOLE 10. <br />AsseUlllants <br /> <br />The ~ap1tal ato~ of thia oorporation 18 Two. Thousand rtve <br />','.', ',,' .' .." ',' .' . , 'Vso <br />. Hundred Dollarll 1$Z's00.00). d1v1d~d into One hun<lred "hares of <br />Ten Dollarll ($10,00) eaoh, and aa1d stock ia saaeasable by the <br />.'~ . <br />atockholdel's at the annual lIl6et1ngs of the stockholde1'S. <br />The Board of D1..eoto1'S of this cOl'pol'at10n aAAll havs the <br />power 1I0,1ov:f ll.ae.slIlllIlnts on .iaid stook tor all lawful 'PU~08';S, <br />. , <br /> <br />~ xha eVent the.tookboldol'S '/a11 to make a8ses8~ntsl PROVIDED, <br />UOWl>V~, ,bt .no ,sUUslllent Ol" lovy shall exoeed twonty pol' cent <br />(a~)o1'th" llDl01.1l1t 01' th" pal"'value of the'stook balled andO\1t- <br />stAAd1ng 1.o,8Oy one yoal', IUld that 1n the"oaao of the mak1;,g or. <br />Illly such levy the atookho14el's' ot'.Ncord on I;ha booka or the COl"- <br />pOl'stion shell be ent1tled to at least tan days' pl'avious notiae <br />.", ("". <br /> <br /> <br />of the levy ot any such assGssmenj;. to bo given prior to tho time <br />or paymant 01' such assessment Githc1' pel'sonally 01' by leaving at <br />the' plaoe of 1'esidence 01' any ouoh stookholder auoh notice with any <br />membcr of suoh stookhold.~fs fam1ly oVCr the age Of t1fteen years, <br />I <br />or by depositing euoh notioe 10 the poatoffioe et Delta, Colorado, <br />add1'esscd to such atoekho.lcUlt" lit the place <>f 1'eatd",noe ..a ev1- <br />de~ced by the stook rooord of the corpol'at10nl the said notioe <br />shall be 1n writing, snit shall stata the total amount of the ..8804a- <br />llI8nt and aleo the pro rata share or par oontUlll thereto to bo pa14 <br />by tho' stookholdors thus not11'1IId, and shall also state the tillle, <br />or times requircd fol.' thl> paymsnt thereot. and lfJAy prl>.01'1'o0 that <br />tho same shell be pa1a partly Or wholly 1n money or partly 01' <br />wholly 10 labo~, and the BoaN. of D1..ectora shall have authority <br />to detel'llline and f1x the value Or lllIlount to be allowed tor any euch <br />labor to be pcrformed on the ditch 0.. pl'oporty ot said oorpol'ation <br />at, auoh time or t11llOs and in stlOhmanner ae the Board of D11."eotol'a <br />01' the E.1:eoutive COllllllltte.. lll.t.lf,,,..quire~e" <br />In default of th4 pa}'InCnt of any auoh 4sseuwent. notioe <br /> <br />-4- <br /> <br />