AZ vs. CA:08 California Exhibits, Vol. VIII; Nos. 371-398F

page 2

To generate, develop, transmit, use and sell to Its stockholders and not to other persons, electricity and elaotrlo energy, and to construct, acquire, own and operate buildings, plants, conduits and transmission lines therefor; To buy, lease and otherwise acquire, take, hold, own, manage, operate. Improve and develop; to sell, mortgage, pledge and otherwise dispose of real and personal property of every kind, nature and description, and all rights and Interests therein neoeseary or conven-ient for or In any manner connected with the uses and purposes heretofore stated. To incur Indebtedness and to borrow money, with or without security, and to Issue corporate obligations therefor, including the right to issue bonds and debentures, and to seoare the payment of its obligations by mortgage, deed of trust or pledge of property of this corporation. To buy, or otherwise acquire, own, hold and vote; to sell, pledge or otherwise dispose of shares of the eapltal otock and bond* of this corporation and also of other oorpo rations, public or private, Including the right to deal la bonds or obligations of any Irrigation dietrlet, municipality, county or atate, Insofar as It may be neoes-sary to aooompllsa the aforeeald purposes. To sntsr Into oontraote of all kinds with firms, Individual*, corporations, and civil, municipal, county, state and Governmental authorities whenever the same shall be authorised by the directors of this corporation. That all of the business of this oorpo tat Ion •hall bo conducted for the benefit of Its stockholders, snd not for pecuniary profit. To do and perform all ouch other acts and things as may be deemed necessary, proper or convenient for the purposes aforeeald. That the lands upon which the water to be ao quired by the corporation may bo used, arc situated In the Ooanty of Imperial, State of California, and more particularly described ao follows, to wit: Commencing at a point commonly known ao the quarter corner of Sections 19, £0, £9 and 50, Townahip 1£ South, Range 14 Bast. 3.B.M.. thence running In a northwesterly direction along the -£-