274 The Fruit-Growers Guide-Book 



sell all products of Mesa County; to lease, mortgage and 

 sell said business, and to borrow money for carrying on 

 same, and to pledge their property and franchise for such 

 purpose. To acquire by purchase and own real estate, 

 buildings, machinery and all the necessary power and pow- 

 er plants for carrying on said premises, and to lease, mort- 

 gage and sell the same. 



Ill 



The term of existence of said association shall be twen- 

 ty years. 



IV 



The capital stock of the said association shall be twenty- 

 five thousand dollars, divided into five thousand shares of 

 five dollars each. 



V 



The number of directors of said association shall be 

 seven, and the names of those who shall manage the af- 

 fairs of the association for the first year of its existence 

 are C. W. Steele, A. A. Miller, J. W. Rose, R. W. Shrop- 

 shire, J. H. Smith, P. A. Rice and A. B. Hoyt. 



VI 



The principal office of said association shall be kept at 

 Grand Junction in the said county, and the principal busi- 

 ness of said association shall be carried on in the county 

 of Mesa. 



VII 



The stock of the association shall be non-assessable. 

 VIII 



The directors shall have the power to make such pru- 

 dential by-laws as they may deem proper for the manage- 

 ment of the affairs of the association not inconsistent with 

 the laws of this state, for the purpose of carrying on all 

 kinds of business within the objects and purposes of the 

 association. 



