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. ~. .., ... .. '"-" ARTICLE VII. CERTIFICATBS OF STOCK. Section 1. Certificates of stock shall,' upon full payment therefor, be issued under the seal of the Company and shall 'be signed by the President and Secretary of the Company. No, transfer of the stock shall be allowed except upon surrender and cancellation of the old' certifica te, and the Secretary' shall have the old certificate cancelled before signing or issuing a new one; provided that no certificate of stock shall be transferred whi10 the assignor of such certificate shall be indebted to the Company. ARTICLE VIII. TRANSFER AND ACCOUNT BOOKS. The transfer stock and account books shall be closed the Monday preceding the annual meeting. ARTICLE IX. INSTALLMENTS, ASSIGNMENTS AND FORFEITURES. Section 1. All assessments upon shares of stock shall be levi~d by a majority vote of stockholders present at the annual meeting ,entitled to vote, or may be levied at a Epecial meeting of the stock- holders called for that purpose. All assessments shall be paid in cash and all such assessments shall be demanded in a general call pro rata upon all shares of stock issued or subscribed for. The secretary shall thereupon, in writine or in part printed, in person deposit in the postoffice, properly dir0cted, with postage prepaid, directed to the last known address of each stockholder the following ~otice. as nearly as may be in form: 19 To You are hereby notified that an assessment of $ per share for the year 19 has been levied and called by the ~oard of Directors of The Surface Creek Ditch and Reservoir Company upon all stock in such Company. Your assessment amounts to $ payable at once. Under the by-laws, your stock will be subject ~rfeiture and sale unless this assessment be pa~ within thirty days from this date; and further, no water shall be delivered to you on or after June 1st until all of said assessments shall have been paid. Section 2. The Secretary shall keep a record of the names of stockholders to whom such notice is given and record of the time and manner of serving notice, and if service is had by d~positing notice in the postoffice, the address to which notice is directed shall be given in such records. Section 3. (a) In all cases of assessments levied, all stock upon which such assessments remain due and unpaid for a period of thirty days after notice is given as provided for in Section 1 of this Article, shall be declared forfeited by the Board of Directors and such forfeit of stock shall be advertised for sale in one of the newspapers published in or near said Surface Creek Mesa at the cost of the delinquent stockholders, and if sold, the amount received therefor, over and above the assessments thereon and the amount due the Company shall be returned to the owner of said stock. 5 :.,~