OCR Text |
Show 37. aay sT suoji stock ia located, and regardless of whether or hot water is distributed or delivered by gravity flow or by pumping, , •ad said water shall be distributed and sold upon and to only suo* •f said lands upon *iloh stock of the corporation shall hare been, located; provided, always, that such stock shall be located only upon land owned by, or t':e ownership of which Is claimed by the persons desiring to purchase said stock; and, provided, also, that whan stock of the corporation Is located upon a tract of land, one share shall be Issued and so located for each acre thereof, and in no oase shall there be issuei less than ten shares; to purchase, lease, and otherwise acquire, and to hold, use 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 bor-i row Roney and give suoh securities for the repayment of the same j as may be necessary or convenient for the profitable "lansureir.ent of the business of said Corporation; to issue stock of the Corporation and sell the same, or to authorize the sale of the same and the application of the proceeds thereof to any of the legitimate purposes of this corporation, including the purchase of water, water rights and irrigation systems, and the construction of canals, aqueducts, ditches, flumes and other water works; to i purchase, or otherwise acouire, and to have, own, hold, use, and to build, construct and iraintain darr.s, levees and dykes for the reclamation of land subject to overflow of water; To do any and all other acts and things necessary, desirable,or convenient, in or in connection with the maintaining, op-j erating, or carrying on of any and all of the business of the ' corporation; That the said lands upon which said water may be used, and i upon which said stock may be located, are particularly described i . : ; as follows, to-wit: |
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. |