Organization of Water Users' Associations

Cover Organization of Water Users' Associations
Organization of Water Users' Associations
United States Reclamation Service
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2. Only those who are owners of lands, or occupants of public lands having initiated a right to acquire the same, within the area described in section 1, or within such extensions thereof aa may be duly made, shall be qualified to own the shares of this association. One share and no more shall be allotted for each acre of land, and fractional shares may be allotted to fractions of acres.
Sec. 3. Each share and the holder thereof shall be subject to the conditions of the form of stock subscripti
...on and contract hereinafter prescribed, and shall execute such form for the stock subscribed by him, and no subscriptions for stock shall be taken or stock issued unless the applicant has subscribed to said form of stock sub- scription and contract, which shall be signed, executed, and acknowledged by the applicant in the same manner aa required for the execution and acknowledgment of deeds for the conveyance of real property. Said form of stock subscription and con- tract shall be as follows: STOCK SUBSCRIPTION AND CONTRACT.

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