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<br />. .. <br />.., '. <br />;,'<.'..' '..... ....'...~..'\ <br />. ,.', ~. ...' . ~ .'~ . " <br /> <br />.. :..,..:....:.......:...::...... " .:.'L.....: ~ .:' <,:>~~....{:.~,~.wJ~.;.~~~,.,. :. ....;. <br /> <br />date of issue, the number of shares for <br />which it is issued. and the name of the <br />person to whom it is issued. Several <br />certificates may be issued to the same <br />person or persons, provided that, in the <br />aggregate. the number of shares so issued <br />shall not exceed the number of shares so <br />belonging to such persons. <br />Section 3. The Company shall have a lien <br />on all shares of stock for the payment of <br />assessments thereon, and any other <br />indebtedness owed to the Company by the <br />owner thereof; all stock certificates printed <br />shall have a notice printed thereon stating <br />that a lien is reserved by the Company upon <br />such stock for the payment of assessments <br />and any other indebtedness due the <br />Company and also stating the restriction <br />upon the transfer of such stock imposed by <br />Sections 5 and 6 of Article VIII of these By- <br />Laws. <br />Section 4. The Secretary shall keep a <br />stock ledger and a true account of all <br />shares issued and re-issued by the <br />Company, in accordance with the <br />provisions of the Statutes of the State of <br />Colorado. <br />Section 5. Transfers of stock to entitle a <br />stockholder to vote the same must be made <br />and registered at least ten (10) days prior to <br />the time of the meeting at which such stock <br />is voted. All stock shall be transferred on <br />the books of the Company by assignment <br />either in person or by attorney. <br /> <br />-10- <br /> <br />1 <br />1 <br /> <br />Section 6. No transfers of stock shall be <br />made except upon the surrender of the <br />original certificates for cancellation, nor <br />shall any transfer be made upon which <br />assessments are due or unpaid, or while the <br />holder is indebted to the Company on any <br />account whatever. In case of loss of any <br />stock certificate, a duplicate certificate <br />may be issued in lieu thereof within three <br />(3) years from the time such loss has been <br />reported by the stockholder to the <br />Company on furnishing proof of such loss <br />to the Board and the execution and delivery <br />of a surety bond in the penal sum of at least <br />two (2) times the par value of the stock <br />represented, indemnifying the Company <br />against any loss that may result from the <br />reappearance of the lost certificate, or by <br />reason of reissuance of such duplicate <br />certificate. If more than three (3) years shall <br />have elapsed since the stockholder, his <br />legal representative or assigns have <br />notified the Company that such certificate <br />has been lost, mislaid, or destroyed, the <br />Company shall issue a duplicate certificate <br />in accordance with the provisions of 31-14- <br />13, Colorado Revised Statutes, 1953. <br />Sect.ion 7. The shares of the Company, <br />when Issued, shall be issued as full paid <br />stock of the par value of Five Dollars <br />($5.00) per share. <br /> <br />';1 <br />i!:: <br />;1 : <br />I: ~ <br />J <br />~.4 .-:- ':-. ~~_~~~,"':"-~~~-....-,;~....-:.~;.':" <br /> <br />1 <br />J <br /> <br />ARTICLE IX <br />ASSESSMENTS <br /> <br />-11- <br /> <br />- <br /> <br />- <br /> <br />.-.~. ','. .: ,~.",-., <br /> <br />- <br /> <br />.' <br /> <br />" <br /> <br />... .4... ~ <br /> <br />. . <br /> <br />..' .... t' " <br /> <br />... ;.. <br /> <br />.. .. ' j <br /> <br />.. ,.' <br /> <br />." .. <br /> <br />.- ~ ~... ,...... <br /> <br />, . <br /> <br />'"...... . ...'". <br /> <br />.- <br /> <br />. . <br /> <br />. . <br />" <br /> <br />,.., " <br /> <br />" <br /> <br />" .: .. " \., ' <br /> <br />" . <br /> <br />'--:,' ., ,,'., .... , <br /> <br />- ' <br /> <br />,. ;.,.;.,. <br /> <br />-: to.' <br /> <br />..... ~ .... 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