OCR Text |
Show 87. maintaining and operating pumping plants, water, irrigating and drainage systems, lever* and other improvements necessary or convenient to the busi ness of the corporation, and such cost shall, at all times, be charged equally and proportionately against the stock of the corporation, ami without regard to the location within said district of the land upon which any of such stock is located, and regardless of whether or not water is distributed or delivered by gravity flow or l»v pumping and said water shall be distributed and sold upon and to only such of said lands upon which stock of the corporation shall have been located; provided, always, that such stock shall he located only upon land owned by, or the ownership of which is claimed by the person desiring to purchase said stock; and. provided, also, that when stock of the corporation is treated upon a tract of land, one share shall be issued and so located for each acre thereof; to purchase, lease an<' otherwis-acquire, and to hold. u«=e and own, hypothecate and mortgage all such real and personal property as may be necessary or convenient for carrying out or conducting the business or purposes of said corporation; to borrow money and give such securities for the repayment of the same as may be necessary or convenient for the profitable management of the business of the corporation; to issue stock of the Corporation and m-11 the same, or to authorize the sale of the same and the application of the proceeds thereof to any o.f ihe legitimate purposes of this corporation, in eluding the purchase of water, water rights and irrigation systems, and the construction of canals, aqueducts, ditches, flumes and other writer \vork«; to purchase, or otherwise acquire, and to hav, own, hold, use. and to build, construct and maintain dams, levees and dykes for the r<¦clauiation of land subject to overflow of water: T<> d" any and all > ther acts and tHn;."= nrcc* |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |