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<br />-vv~ .1) <br />C 'Page 114 <br /> <br />\" . <br />~, <br /> <br />The ~tock of th~ cor~orftlon 8hBll.de8ien~te on i~o fnce the land 'nth <br /> <br />,1</hi'd. it i!'l connected ~nd the water to which the owner of such stock is <br /> <br />en~.it..1;dt it" .&...~ be r-pplied, and ituch w~tcr ohn.11 be URed on such Innd And <br /> <br />not !!1'H'lHh!"\r<c:, except ur:on consent or the Boarc. of' Directorn of the compAny.. <br /> <br />No lY"!!.ter f\hall be i'urnished by virtue o~ (\ny etock or otherwise until <br /> <br />t1fte"r nIl :;:1,gesstn.~n't.9 due ~..hereon Rhnll bnve boen paid In fu~l either in <br /> <br />monf'Y, m~'t.eri."lf1 0l" work flg t.he Bonrd of Din~ctorR ohl'll1 determine, nnd the <br /> <br />u~o c[' ~,h0 '.mf,~r cnlled for by sucn d~linl'!uent Btock by others th'~n the <br /> <br />o\\ner tl1er~~or \.:'htl~ etlch dp.lin,,:uency eh'\11 c<mtinu<:3:, on the order of the <br /> <br />BOl.lrr. of Dir,..~r.tar~r {l.hnll gi-ve such delin,!uent owner no right of' G.ctian or <br /> <br />cr~dit agnin~t either the compa~y or such uner, nnc further, when asaea6mente <br /> <br />on ~ny 9llch ntoc:{ or r.ny !lArt thereo:C, shall continue delinouent. and \D\pa1d. <br /> <br />for ~n~"cutivr. yo~r"l thot fp.ct of it9clf sh!l11 CRuse l;\ forfeiture of <br /> <br />thet !:ltor.~{ t~ th~ cor!,or~tlon for ltl'l Dolo 11ff., ~nd benefit and the snma may <br /> <br />t,h~r~\Jr-o~. 1... ~old :'nc. ro:::-i~ou(,ld to otherfe.but t~h~ com!l~nY' need not a.ccept. <br /> <br />of' !luch fC"!!.['...i ture Imd -J.n lieu thereof m~,y brin!; itn (lctto", for l"< recovery <br /> <br />ol::;llin'1~, r."11Ch r,r:llinquent Ol'mer. But bofore such forfeituro ohnJl becomo <br /> <br />op~r~ttv~, d~m~nd B'nll be mode for the amount duo'thereon. either in r~reon <br /> <br />or by ~,.ri ~~t.l'm or printed notice duly meiled to the Inat known address of Bueh <br /> <br />stock~ol~~r, ~~ lco~t-thirty dnya prior to tbe'time when auen foYfeituTe is <br /> <br />to t"ke I;!ffect. <br /> <br />.'\1 1 t:'!l'lCfI:mIenta r:.hr:ll be mf.l,de by the Bonrd of Directors of' the compB.l1Y' <br /> <br />nt such f.i:n~, In 3uch nmOllnt and pny(",ble e.t such times end in Buch inet\~ll- <br /> <br />r.lentR, pI ,.,c~ nnd mennflr nil the Board m~y sea fit. but in an amount not exceeding <br /> <br />t.he t1l1c('".':lt,i,~" ...r 'the ClH3e for the pUrpOOl'HJ nfori';'aaid, flnd 0]1 stock shall <br /> <br />'be nl.\b) <",':"/. ., ('I 9UC1:) ~nnunl nt\t\eBsment whether the wa.ter \o.11ed for t.hereby be <br /> <br />uBod or not. <br /> <br />The l1"toc',holdcrs of record on the bookc of tbe eorpor!?tlon shall be entl tIed <br /> <br />to n.t le..~t tan n~YB' previous notice of the levy of any such aBS8eement, to <br /> <br />be rriven ;:ior to th~ time of payment of such nssesamsnt either personally <br /> <br />or by lcr,vtn~ ::", tlIl' place of residence of my such stockbOlder Buell. notie~ <br /> <br /> <br />-5- <br />