The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1918-09-17

holders of the High Line Lateral Ditch
company Ltd, corporation, whose
principal place of business is in Black
foot. Bingham county, Idaho, that there
will be a stock -holders' meeting of said
corporation, held at the meeting house
KnoM ne sli ksv Of Of What is
eighteenth day OF October. 1918. at the
nour OF p. m, among other things
TOT tne purpose OF voting upon the
to the articles OF incorporation' u auths
orizing the board Of directors to Dor
row money to refund the company's
indebtedness and perfect its record
effectdate such purpose The amend
ments and resolutions proposed and to
That e al aaa sas STOCK e this
corporation, issued and outstanding,
and all treasury stock shall be retired
and in lieu thereof two classes of stock
first to be preferred stock, which shall
entitle the holder thereof to the right
OF said canal system, equivalent to one
two shares Of stock now held by such
stock-hoider in the corporation, upon
the condition and in the event that be-
STOCK to sueh Stock * saeh shs
convey, by sufficient deeds or con-
tracts of conveyance to said corpora
ton, a, water right in the Peoples
cubic inch Of water per second of time
for each two share Of stock surrender
ed and retired out of the water appro-
priated by said Peoples Canal & fri
decreed to It by the District Court of |
the 9Th Judicial District of the State |
of Idaho about December 1910 in an !
action action co. commonly known as the Snake |
q, To issue shares Of common stock |
to the present owners of stock in this |
in lieu, Of their present
holders thereof to the right to have
conveyed through said canal system
the same amount Of water that their
present stock entities them to have
further condition that In the event the |
holders of said stock shall convey to I
said corporation a water right in said
Peoples Canal Irrigation Co. or
quantity and value. such common stock
may be surrendered and preferred
stock issued in lieu thereof.
3. TO amend the Articles of ,Incor:.
shares and the par value thereof, and
to create the two classes of stock above
enumerated, and to provide for the
class of stock in such manner and to
such extent as may be necessary and
to. effectuate the proposed
changes herein enumerated.
oorate name, particularly BY eiiminat-
ng. the word In the title thereof, Lin
ted. or otherwise to simplify and
shorten said corporate, name.
3oard Of Directors, by the adoption Of
suitable resolutions or bylaws, to re-
und any or all Of the corporation in
aad to borrow money for
'xceed $50, 900 and to execute to the
International Mortgage Bank of Spo-
,ane, Wash, or to any other loan
rusts, deeds, bonds or debentures Of {
his corporation in order to secure said
oan, as may be deemed necessary, .
roper, or convenient for securing the
anne. lr
g.. To authorize the corporation to
eceive, take over hold, and own all I
, tel rights conveyed BY, it's several I
e6a be,d out Of ths and from the
copies Canal & irrigation Co, and to c
ssue to it's stockholders, in considera- t
lon therefore, preferred stock in this r
18th it the rights and interests speci- s
ed in paragraph ! hereof, as full con- s
Iteration for the transfer to it of O
aid water rights, and to- hereafter v
water from any and all Of it's stock a
olders, holding common stock, and to h
sue preferred stock in place there a
|, as provided In paragraph hereof. C
oard of Directors Of this corporation n
take all action necessary or proper p
perfect a record title, and vest the D
ame In this corporation to the right b
way, canal system and Of said n
alter rights, and to take all proceed 8,
lgs required and found necessary or
' ny to convey to, and vest in u
It'd corporation a complete and per-
'ct title to all water rights now owned
the several, stockholders of this
'rporatton, and to convey the same
ortgage or trust deed, as security for -
70 loan herin proposed, the proceeds
the same to be applied to refund
r as may be done, in the form of
me, interest-bearing obligations, and
divide for the creation OF sinking
md, to meet the interest and princi- to