Arizona republican., 1917-07-30

citation. It snail also at the same tilIle estimate the probably net income of the Association from all sources, other than that which may be derived from the service of water to it's share holders, if any.
 From such estimated cost there shall be deducted the estimated net income, and upon this difference shall be computed the charge to be made to shareholders for the service of irrigating water for the year begin ming on the first day of October next ensuing. Euch charge shall be based upon the service of each acre foot as i the unit of measurement. minimum 1 charge shall be made against every
 acre to which stock is appurtenant of a charge, as for the use of, two, acre feet, whether used or not by the | owner.
 i The Board may graduate the charge | to be made per acre foot of water
 delivered, increasing the charge per acre foot with the use of each acre l foot in excess of two acre feet used l by the owner.
 The price to be charged per acre foot of water to be served, shall be l fixed as nearly as that can be prac- tically done so that the aggregate receipts from that source shall equal with other amounts applicable there to, the cost of operation, maintenance and repair for the year for which such charge is fixed.
 Charges for service of water shall be paid in advance of it's delivery. No water shall be delivered in any year beyond the year in which the { contract was made for water. | As funds will be necessarily for the ! af ir rigation works, and to pay the first installment of the cost of construc-
 tion, upon the taking over by the Association of the project, before the regular annual assessment as above provided can be made, the Board of Governors are directed, as soon as convenient after the execution of the
 contract with the Government relative to the taking over of. care, operation and maintenance of the project, make l the necessary assessment of the funds so needed in the manner now pre- scribed by the bylaws, so far as they are applicable, but without the preliminary notices therein prescribed. The Bylaws of the Association re- lating to assessments so far as they are applicable and not inconsistent with these articles, shall be and re-
 
 vided by the Council.
 Section f. Assessments for funds
 with which to pay the United States Government for the cost of the con- struction and acquisition of the works commonly known as the Salt River Project shall be made against the owners of stock, as the same may
 be needed therefor. Such assessments shall each be equal against each share of said stock and the land to which it is appurtenant.
 Section 5. Assessments for expen- ditures for purposes that are of bene- fit to a part only of the share holders may be specially assessed in proportion to such benefits against such shareholders, but no expenditure
 to be provided for, or covered by.
 such special assessment shall be made, or obligation to expend the same incurred, except upon the pe- tition of the holders of two-thirds of the shares to be so specially bene' fitted thereby.
 Section S. Assessments shall be-
 come, from time to time as they are
 made and levied, and, until they are paid or otherwise discharged. shall be
 and remain 8 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
 such shares. The manner of fixing
 the lien and enforcing the same shall
 be prescribed in the Bylaws. In ad-
 dition to any such provision, the As
 sociation may enforce the payment
 of assessments by suit therefor in court of competent jurisdiction.
 Section [. Assessments and charges
 may be so made as to maintain in
 each year a fund in the treasury, not to exceed One Hundred Thousand
 Dollars (s10O, ,O00.00) with which to meet the cost of unexpected damage
 or injury by flood or otherwise to the project.
 |. Section 8. Except for the ordinary q operation, maintenance and repair, no , work shall be undertaken, purchase , made or indebtedness incurred or be iauthorized during any one year where
 of the cost or amount thereof snail exceed One Hundred Thousand Dol , lars (s1O0, ,000.00), until 1t shall have
 first been ratified by at least a ma iority of the votes cast at an annual lelection or at an election to be called r for that purpose Special elections f may be called and held for such
 purpose under such Bylaws as ths F Council may prescribe, not inconsist- } ent with these Articles.
 Section g. The Board of Cover nors shall each year fix the charge to be paid for the delivery of water r to the lands. the owners of which } are not shareholders of the Associa- ton.
 In addition to the charges fixed for 5 the delivery of water to shareholders 7 who are served with gravity water l only, the Board of Governors shall each year fix an additional charge
 to meet the additional cost of service , of other than gravity water. [ NOW, THEREFORE, Be it resolved : by the Council that said proposed l, amendments be approved and that the l. same, after publication as required by Article XVIII of said Articles be 3 submitted to a vote of the sharehold- } CTS for their approval at special i election of the Association as required l in said articles.
 ,t Adopted by two-thirds vote of [ the Council at meeting held on 3 July 9th, 1917.
 9 Attest:
 t CHAS. A. VAN DER YER. Cocrata rv