The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1904-06-28

Of valid and subsisting shares of tn
Association issued. and then 0tstant
ing, to be delivered to and upon sal
lands at such times, during such ses
lSon asNhe may direct
Section And there shall also n
incident to such ownership Of sucl
shares the right to have delivered 1,
the owner thereof, for the irrigntiol
OF said lands. as the Association
shall from time to acquire means fo1
that purpose, the water heretofor,
and before the shareholder or Fl.
transferee became a member of thi.
Association. appropriated by him b,
actual and continued beneficial use
or by his predecessors in interest
for the irrigation of said lands: Pro
vlded, however. that the whole am
CUNT OF water actually delivered from
I'll sources shall not exceed the am
ount necessary for the proper cult.
gation of said lands.
Section 8.-The records of he As.
ISOLATION n each and every certff-
cate or other evidence of ownership
Of shares of stock in the Association
when issued. shall contain a descrfp.
ton OF the lands to be irrigated, and
to which the aforesaid rights and
shares hall be perpetually appurte-
nant, and thereafter all rights what.
ever their sources or whatever their
manner OF acquisition. to the use
OF water for the irrigation of
said lands. shall forever be insepara-
bly, appnrtenaDt to said lands, togeth-
ar with the said shares Of stock. and
all rights and interests represented
thereby or existing OF accruing by
reason thereof. unless such rights
shall become forfeited under the pro-
visions of these Articles of I~ncorpo-
ration. or bylaws adopted in pursu.
ance thereof. or by operation OF law,
or by the voluntary abandonment
thereof by deed, grant or other instru-
ment, or by non-user for the term
prescribed by law: but no such aban-
donment shall be for the benefit of
my person designated by such share
holder. directly or Indirectly, or to
his use, nor confer any right whatso-
over upon the holder of any grant.
release, waiver, or declaration of
abandonment of whatever kind of
such right: provided. however, that
if for any reason 1t should at any
become impraticable to benef-
cially use water for the Irrigation of
the land to which the right to the use
of the same is appurtenant on the
said land. the said right may be sew
cred from said land and simultaneous
lu fran Sforrsna onl otto1h1J ~ 49,.
lands to which shares of stock in
Association are or are thereby
made appurtenant, If a petition for |
leave to make such transfer and
the necessity therefor shall
first been approved by a two |
thirds vote of the Board of Directors |
at a regular meeting and by the Sec
rotary of the Interior and all the pro-
and agreements hereinbefore |
in this section contained shall be set
forth in the aforesaid certificate or
evidence of the ownership of
shares of stock In the Association. |
such certificate or other instru-
ment shall be signed. executed and
icknow' edged by the President and
Secretary of this Association. and by
person to whom 1t Is issued In
he manner required by law for the
execution and acknowledgment of
leeds for the conveyance of real es-
ate. and the Directors shall pass by
avs prescribing the form of such
,etificate or other instrument not
with these Articles.
Section 9.-Every transfer of the
title to any lands to which the said
lights and stock are so appurtenant,
whether by grant or by operation of
aw Except where the land may be
subjected by grant ar involuntar1ly
'rder any law to an easement, the
of which does not interfere
With the cultivation of the soil by
he servient ownerl shall operate,
whether it he 50 expressed in the
rant OF other means of transfer or
al a transfer of all rights to the
of water for the irrigation of
aid lands. and all rights arising from
n incident to. the ownership of such
took, and as well the stock itself.
o the grantee or successor in title
# said lands. and upon presentation
0 this Association of proof of any
UGH transfer of land, to which such
lights are appurtenant. the proper
'ficer shall transfer such stock upon
is hooks to the successor ia title to
aid lands,
Sectian l0.-Any transfer, or at
empted transfer: of N of the shares
+ stock of this Association. made or
by the owner thereof, unless
a transfer of the land
which it is a~ppurtenant is made
r suffered. shall be of no force or
fleet whatsoever for any purpose.
shall confer no rights Of any
ind whatsoever on the person or per
ons to whom such transfer may
ave been attempted to be made.
Section 11.-No payments for the
apital stock of this Association shall
e required except In the manner fol-
Whenever 1t shall be announced or
made known by the Gov
rnment, or any of its proper agen-
les. to the subscribers to the shares
t said capital stock that rights may
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