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<br />ARTICLE IV <br /> <br />CAPITAL <br /> <br />The aggregate number of shares which this corporation shall <br />have the authority to issue is 50,000 shares, each without par <br />value, which shares shall be designated common stock. No share <br />shall be issued until it has been paid for, and it shall thereafter <br />be nonassessable. <br /> <br />ARTICLE V <br /> <br />CUMULATIVE VOTING <br /> <br />The shareholders shall not be entitled to cumulative voting, <br /> <br />ARTICLE VI <br /> <br />SHARE TRANSFER RESTRICTION <br /> <br />The corporation shall have the right to impose restrictions <br />upon the transfer of any of its authorized shares or any interest <br />therein. The Board of Directors is hereby authorized on behalf of <br />the corporation to exercise the corporation's right to so impose <br />such restrictions. <br /> <br />ARTICLE VII <br /> <br />REGISTERED OFFICE AND AGENT <br /> <br />The initial registered office of the corporation shall be at <br />35997 Highway 6, Hillrose, Colorado 80733, and the name of the <br />ini tial registered agent at such address is VICTOR J. QUINT, <br />Either the registered office or the registered agent may be changed <br />in the manner provided by law. <br /> <br />ARTICLE VIII <br /> <br />INITIAL BOARD OF DIRECTORS <br /> <br />The initial board of directors of the corporation shall <br />consist of five (5) members, the names and addresses of the persons <br />who shall serve as directors until the first annual meeting of <br />shareholders or until their successors are elected and shall <br />qualify are as follows: <br /> <br />-2- <br />