Lincoln County times. (Jerome, Idaho) 1911-1919, 1914-10-29
NOTICE.

Company, Limited, held at the office !
of the company at Miner, ldaho, on
October 18th. 1914, at p. m, the
following Resolution was adopted by
the unanimous vote of all stock rep
resented
"RESOLVED: That Section II OF
the third Article of the Bylaws de-
fning the time and manner of max
ing assessment be. and the same is
hereby repealed and in lieu thereof.
the following section is substituted:
Section IL 1t shall be the duty OF
the Board of Directors on or about
the first day of October OF each year,
or as soon thereafter as may be, TO
ascertain and determine as nearly as
possible the amount OF money neces-
sary for the conducting of the Com
pany's business from the first day
of November following TO the first
day of April following, which sum
shall be as nearly as may be estimat-
ed, the actual cost OF maintenance
for the period specified and shall in
clude the proper expense OF admin
istration. operation. renewals and re-
pairs and any other expense incident
thereto
The Board of Directors shall
thereupon determine as nearly as
may be the number OF shares liable
TO a maintenance charge for such
period and shall apportion the total
charge to such total number OF
shares and determine in cents per
acre or per share the maintenance
charge for such period and the same
shall constitute the maintenance
charge therefor
Thereupon the Board of Directors
shall cause notice of such assessment
to be published for not less than
two weeks in one or more weekly
newspapers of general circulation
published on said tract
The assessment so made shall be
due and payable on or before the
first day of November following and
no water shall be delivered TO any
contract holder or stakeholder until
such assessment has been paid in
full.
1t shall be the duty of the Board
OF Directors on or about the first day
OF March of each year, or as soon
thereafter as may be, to ascertain
and determine as nearly as possible
the amount OF money necessary for
the conducting OF the Company's
business from the first day OF April
following to the first day of Novem-
Der following. which sum shall be as
nearly as may be estimated. the ac-
, tual cost of maintenance for the
period specified and shall include
, the proper expense of administration
operation, renewals and repairs and
: any other expense incident thereto
The Board of Directors shall there
upon determine as nearly as may be
/ the number of shares liable to a
, maintenance charge for such period
, and shall apportion the total charge
. to such total number of shares and
determine in cents per acre or per
share the maintenance charge for
? such period and the same shall CON
: stitute the maintenance charge there
for.
! Thereupon the Board of Directors
shall cause notice of such assess
ment to be published for not less
than two weeks in one or more week
r ly newspapers OF general circulation
q published on said tract.
The assessment so made shall be
due and payable on or before the
r first day of April following and nc
r water shall be delivered to any con-
: tract holder or stakeholder until
s such assessment has been paid In
! full.
q II any portion of any assessment
= whatsoever remains unpaid on the
day specified, the same shall become
= delinquent and shall draw interest al
e per cent per annum and the SUN
;. so delinquent shall be a lien on each
II or such users water right and the
land to which II Is dedicated in.
g, ferlor only to the lien for the pur.
:, chase price of the water right.
:, III any assessment shall be INSULT
II cient for the specific period named
l. and leaves deficit or If any assess
n ment shall be more than sufficient
D. and leaves a surplus, allowance fol
lie such deficit or surplus shall be mad,
r. In the assessment for the next per
!, iod."
- At a special meeting of the Direct
: ors of the North Side Canal Com
e pany, Limited, held at the Office o
J. the company at Miner. Idaho. OF
n the hfteenth day of October. 1914. a
p. m, to consider among othe
% matters the assessment to be charge,
o in accordance with the Resolutio,
= adopted by the Stockholders at
&c meeting above specified the followin,
ie Resolution was unanimously adopte,
K by the Board:
lie "RESOLVED: That the mainten
a. ance assessment for the period com
T. mencing November LIST, 1914. an,
a ending March 31st. 1915, be and tn
4 same Is hereby fixed at ten cent
- upon each and every share of stocl
&c In said company"
u In accordance with said Resolu
lions notice is hereby given that tn
at maintenance assessment of ten cent
lie per acre on land entered, for whic
IN contracts have been issued, VIII b
Ia due as of the date of November Isl
~, l9l4. These charges are payable [
the North Side Canal Company, Lin
III lied, at Jerome, Idaho. When remit
es ting please state water contract nun
OF Der, and subdivision covered.
Is NORTH SIDE CANAL COMPANY
o. LIMITED.
ct BY ID. c. MacWatters, Presiden
- Attest:
Harvey w. Hurlebaus. Secretar,