Arizona republican., 1903-01-22

 ita stock that rights may be initiated the use of water from any works acquired or constructed by it for the storage development of water capable of being used on the lands of the subscribers for said shares of stock or the acquisition or construction of which works the Government shall have aided then the said subscribers shall, under the rules and regulations prescribed by the Government therefor, within a reasonable time apply to the proper agency for such rights at the rate of one acre for each share of stock so subscribed for, and upon proper proof to this Association that such rights have been allotted to the subscriber and that he has compiled with the Government rules and regulations up to that time so as entitle him to complete his ultimate acquisition thereof then such subscriber shall be deemed to have paid on his sub- scrptlon of said stock the amount that he shall have then paid to or for the use of the Government for such right, and when all subsequent payments re- quired by the Government for such rights shall have been paid by him, or by anyone for him. then such stock shall be deemed and held to have been fully paid up.
 Section I2. If it should be determined by the Government that the amount of water that may safely be estimated be capable of being stored or developed by works acquired or constructed or to be acquired constructed by it, by this Assoca- ton, in addition to the amount of water now appropriated of Salt river and Verde river for the irrigation of lands in said reservoir district shall together be insufficient to properly rrigate 25o,ooo of land then the number of shares of the capital stock of this Association shall be reduced so that the number of such shares shall not exceed the number of acres estimated by the Government to be capable Of irrigation from such combined sources of supply
 Section I3. If at the time of the determination by the Government of the number of acres capable of for number of the shares equal to the number of acres so estimated to be capable of irrigation then no subscription for shares shall be taken If the number subscribed for, however, shall then exceed the estimated number of acres so capable of irrigation, then there shall be allotted to said sub scrberS that number of shares equal to the estimated number of acres capable of irrigation. In such allotment, cultivated lands shall have the preerence and any excess III the number of shares subscribed for over the number allotted shall be cancelled, and thereafter shall not be issued.
 Section II. In exercising the right of prefer to allotment of shares provided for in the fore going section, the bylaws may prescribe reasonable times within which such preference shall be declared and the manner thereof
 ARTICLE VI
 Section I. The exercise of the corporate DOW of this Association and the management of it's affairs shall be vested in
 L. A Council
 g. A Board of Governors
 B. One or more local boards of Water Com missoners, and
 4 President, Vice-President, Treasurer, Secretary and such other officers and agents shall may be- from time time, created and established by the Council /
 Sec. ?. The Council shall consist of thirty members, who shall hold their offices for three years. In the event of vacancy occurring from death ignaton, ceasing to be a shareholder of this Asso citation, removal from the Reservoir District, other cause the uneXpired shall be filled at the annual election next after the vacancy shall have occurred Shareholders of this Association only shall be eligible to the office of member of the Council.
 Sec. 5. The annual election of the members of the Council and of the other officers for whose cleo ton these Articles provide shall be held the first Tuesday of April in each year.
 Sec. 4. For the purpose of eecting members of the Council the territory described in Article w of these Articles shall be divided by the Council into ten (Io districts which districts shall severally sist of contiguous territory and be nearly uniform in shape, and contain as nearly equal number of which shares of stock of this Association sppurtenant may be practicable.
 Gao ofta