The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1918-10-18

z. TO issue shares OF common
stock to the present owners CT stock
in this corporation, in lieu of their
present holdings, which stock shall
entitle the holders thereof to the
right to have conveyed thru said
canal system the same amount OF
water that their present stock en-
titles them to have carried thru said
system, with the further condition
that in the event the holders of said
stock shall convey to said corpora
ton water right in said Peoples
Canal & irrigation Co. or any other
water right of equivalent quantity
and value. such, common stock may
be surrendered and preferred stock
issued in lieu thereof.
| 3. To amend the articles of incor-
poration by changing the number OF
shares and the par value thereof, and
to create the two classes of stock
above enumerated, and to provide for
the relative rate of assessment upon
each class, of stock in such manner
and to such extent as may be neces-
sary and convenient to effectuate the
proposed changes herein enumerated.
4. To amend or change the cor
pOrate name, particularly by elimin-
ating the word in the title thereof,
limited, or otherwise to simplify and
shorten said corporate name.
5. To authorize and empower the
board of directors, by the adoption
of suitable resolutions or bylaws, to
refund any or all Of the corporation
Indebtedness and to borrow money
for such purpose in an amount not
to exceed $4,000, and to execute to
the International Mortgage bank Of
Spokane, Wash, or to any other loanr1
or trust company, bank, or person,
such trusts, deeds, bonds or deben-
lures of this corporation in order to
secure said loan ,as may be deemed
necessary proper, or convenient for
securing the same.
6. To authorize the corporation to
receive, take over, hold, and own all
water rights conveyed by Its several
stockholders, out Of and from the
rights so held by them in the said
Peoples Canal & Irrigation Co., and
to issue to its stockholders, in con-
sideration therefore, preferred stock
in this corporation, which stock shall
carry with it the rights and interests
specified in paragraph / hereof, as
full consideration for the transfer to
1t of said water rights, and to here
after receive conveyance of like
amount of water from any and all Of
its stockholders, holding common
stock, and to issue preferred stock
in place thereof, as provided in para
graph hereof.
Z. To authorize and empower the
board of directors of this corpora
ton to take all action necessary or
proper to perfect record title, and
vest the same in this corporation to
the rigA. of way canal system and of
said water rights, and to take all
required and found
necessary or convenient to convey to
and vest in said corporation COM
plete and perfect title to all water
rights now owned by the several
of this corporation, and
to convey the same and all other
corporate property by mortgage or
trust deed, as security for the loan
herein proposed, the proceeds of the
same to be applied to refunding the
corporate Indebtedness, in so far as
may be done, in the form OF time,
nterest-bearing obligations, and pro-
vide for the creation of a sinking
'und, to meet the interest and prin-
,ipal Of such Indebtedness, as it ma
ures.
We, the undersigned, respectively
PRESIDENT and secretary of the High
line Lateral Ditch company Ltd,
corporation, do hereby certify that
he above and foregoing is a true and
correct copy of the amendments and
authorized by the board
II directors of said corporation, to
'e submitted to the stockholders, at
ONE stockholders meeting at
Meeting of said board, held at Black
GOT, Idaho on the seventh day of
september, 1918, at which all the
nembers of said board were present
nd voted for the same and further
irected that said stockholders meet
ng be called at the time and place
erein, before stated, for the consid-
ration of the same by such stock
olders, and further directed that
office of said stockholders meeting
9 published for 80 days in the Idaho
.epublican at Blackfoot Idaho, and
nat personal notice of such meeting
Q also mailed to the last known ad-
ress of said stockholders.
In witness whereof we have here
INTO affixed our official signatures.
DAISY G. HANSBROUGH,
Secretary.
BRIGHAM ROBINSON,
President Of the High Line Lateral
Ditch company Ltd. AL.