Ok, bear with me with here.

You buy a stock not knowing there'll be a dividend.

They decide at the annual meeting that they'll start issuing a quarterly dividend.

At the next annual meeting they decide that only attendees of the annual meeting will earn dividends going forward.

Would you be ok with this despite that you bought the stock prior to the dividend announcement with the "well I didn't expect a dividend in the first place" mentality? No, you'll be very upset.

I think we're talking two different things. You're talking about physical rights whereas I'm talking about disenfranchising people who are active enough in the community to even own land. This will be a terrible thing to do in my opinion. There's fundamentally no reason for this other than "I've done this and other's haven't so let's cut those other people out"