The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1905-05-12

4 until their successors @SAaff-aaFe
been elected and duly installed in Of
ice; said board of directors to be
elected by such shareholders only
as al the time of the election are n
for at least sixty days continuously
next prior thereto were users of the
water of the company and not IN ar
rears, each Of such shareholders to
have one vote for every twenty-five
east and west end,feet Of lots In said
Addition owned by him and abutting
on a north and south street and on
which he is and during all the time
last aforesaid was using the water
of the company,-and it shall re
quire a majority of all eligible votes
to elect: also, provided that the vote
or votes to which any absent share
holder shall be entitled may by auth
GRITTY of a proxy signed by him be
cast by any other shareholder having
such authority and having an eligi-
BILE vote being present; also, provid-
ed that no one shall be a director
who is not at the time of his election
the owner of one lot or more or a
part or parts of one lot or more in
said Addition; and provided. further,
that the board of directors for the
first three months next after the in
corporation shall nave been effected
! shall consist of said Carl NJ. Bird,
Wendell NJ. Reed and William w.
Gatewood.
ARTICLE TX.
Within ten days next after the cor
poration shall have been effected
and thereafter annually within ten
days after the board of directors
shall have been elected, the members
of said board shall meet at its prin-
cipal office n organize by the cleo
ton of a president who shall also
be the general manager d the Gi-
rection of the board, and of a secre-
under the direction of the board; and
said officers shall old their offices
until their successors hall have
been elected and duly installed.
ARTICLE x.
Said board of directors shall have
| power from time to time to pass such
regulations for the government of the
company and for the procedure of
the board and to amend and repeal
the same and pass or adopt substi-
tutes therefor as shall be i%nconsist
ent with neither the laws of the land,
these articles of Incorporation nor
the for which the company
is formed.
ARTICLE XI.
There being sixty lots in said ad-
dition, each OF the approximate width
of $50 feet north and south,
it is the intent and design of these
articles and it is so understood and
agreed that each certificate for every
share when issued shall have the eff
feet to convey to the purchaser there
of as an appurtenance of INC TO the
sixth part of the lot owned by the
purchaser and by reason Of which
ownership said certificate is issued,
a permanent water-right in fee tc
and for said part or division of said
lot, such part or division to be ID
p~rcximately twenty-five feet wide at
the east and west ends thereof and
of uniform width throughout its en-
tire length. one end of which shall
abut On a north and south street;
and all said shares when issued shall
be so numbered and worded as plain.
ly to show to which division of the
particular lot in the certain block it
is to attach, and when SO issued it
shall at once become and remain a
permanent water-right and appurte-
nance of and Ito such division as
aforesaid. forever running with the
legal or equitable.
ARTICLE XII.
To identify each share of stock is
sned with the particular division of
rhe lot to which it is intended to at
taeh and affect. each lot for the pur-
poses of this company and its share
holders shall be understood to be di-
vided into six equal parts, each part
of the uniform approximate width
north and south of twenty-five feet
and of the length equal to the depth
east and west of the half-block where
in it is situated,-as, for example,
the extreme north division of Lot l
In Block shall be denominated Di-
vision 1 of Lot 1. in Block 1. the naxt
division on the north, Division 2 of
Lot 1, in Block 1. and so on through