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

vnor<.
Section s.-Assessments for the or.
binary cost of operation. matnten-
ance and repairs Of the works Of fha
Association or Of those, the maiuf6n-
ance and control of which are or nay
be hereafter lodged in the, Associa-
ton shall besequally assessed oGainsl
all the shared olders ~ proporfInn to
1.-The number Of shares held ~ them
Respectively
Section 4.-Assessments for the pur
pose of constructing or acquiring or
for the betterment, Improvement, re-
newal, replacement or preservation
OF amy works, property or rights of
the Association or for the purpose
OF preserving or increasing or more
efficiently or economically distribute
ing the water supplies available for
distribution by this Association or for
the fulfllment OF any obligation I'M
~dertaken by his Association In any
contract. agreement or other arrange
ment with the United States Govern
ment or necessary for the accomp-
lishment or the carrying out OF any
of the purposes OF the Association,
may be equally assessed against all
the shareholders In proportion to the
number of shares owned by them re-
spectively.
Section 5.-Assessments for expen-
ditures for purposes that are of ben
eft to a part only OF the shareholders
may be especially assessed In proper
ton to such benefits against such
shareholders but no expenditures to
be provided for or covered by such
special assessment shall be made. or
obligation to expend the same incur
red. except upon the petition OF Ae
holders of two-thirds Of the shares
to be so especially benefited thereby.
Section 6.-Assessments shall be-
come from time to time as they are
made and levied and until they are
paid or otherwise discharged shall
be n remain a lien on the lands OF
the shareholder against which they
are levied. and upon the shares OF
stock appurtenant to said lands. and
all rights and interests represented
by said share. The manner OF fixing
lien and enforcing the same shall
be prescribed in the bylaws. .
Section Except for the ordina-
~ operation, maintenance and repair
no work shall be undertaken. pur-
made or Indebtedness incurred
Or be authorized during any n
whereof the cost or amount
hereof shall exceed 100000 until
I shall have first been ratified by at
east two thirds of the votes cast at
IN election to be called for that pur-
rose. Special elections may be call
d and held for such purposes under
Iuch bylaws as the Board of Direc-
ors may prescribe not inconsistent
With these Articles.
ARTICLE X.
Nothing in these Articles of Incor-
or in the fact of becoming
member of this Association shall
construed as affecting or intend
ng to affect, or in IN way interfere
With the present vested rights Of any
'erson to the prior use or delivery
( the natural appropriated flow of
he waters of the Rio Hondo.
ARTICLE XI.
The Individual property Of the share
olders shall be exempt from liability
Or incorporate Indebtedness OF this
association.
ARTICLE XII
The incorporate indebtedness shall
OF exceed twothirds of the amount
( the capital stock.
ARTICLE XIII.
This corporation shall endure for
ne term of fifty years.
ARTICLE XIV.
This Association may accent and
vail itself of or subject itself to the
of any law or laws enact
Il or that NAV be enacted by con
ress or the Legislative Assembly OF
the Territory or State when Il be-
ONES a state, OF New Mexico. rela-
to corporations which may be APP
to corporations organized for
Ike purposes as this Association
UGH acceptance or subsection shall
e valid when ratified by at least
wo-thirds of the votes cast at n
nnull election OF at any special
called for the ratification
hereof.
ARTICLE XIV.
These Articles of Incorporation
lay be amended according To h
Tvs OF the Territory of New Mexico.
Witness Our Hands and Seals this
9Th day Of June. A. ID. 1904.
VIM. NJ. Atkinson. (SealI
Jno. w. Poe. (SeaD
E. A.. Cah-on. t5ealh
Sam1. Atkinson. (Sean
l.. V. McGaffey. sSsa!'
OF New Mexico,
ounty of Chaves.
On this 18th day OF June, 1904. he
re me personally appeared VIM. VI.
tkinson. Jno. w. Poe. f. A.. Cahoon.
ami. Atkinson. and l.. X. McGaffey.
me known TO be the persons des-
'ibed in and who executed the fore
,ipg instrument. and acknowledged
they executed the same as their
ee act n deed.
Witness my hand and official seal
! the day and year last above writ
n
EDGAR l.. BEDELL.
,EAL) Notary Public.
Endorsed.
= QGn - MA II ~ 200