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notice, which shall not ,be less that thirty (30) days nor roore than ninety (90)~days from the date thereof, his stock shall stand forfeited to the Company and will be sold pursuant to law and this Bylaw. If payment be not roade on or before the cay specified in such notice, the Company shall then give notice by publication in a weekly newspaper published in the County of Prowers, State of Coloraco, for not less than two weeks, that the shares of such delinauent stockholder will be sold for cash to the highest and best bidder, at the office of the Company in the Town of Holly, Prowers County, Colorado, for the purpose of real- izing the amount of such assessroent and interest and costs due thereon and under such sale: at the tiroe and place aforesaid, the Co~pany shall offer said stock for sale and sell the same for the highest cash price obtainable therefor, but not less than the amount of such assessment with interest thereon and the costs of sale, and the proceecs of such sale, over and above the amount cue on said shares, including the cost of sale, shall be paid to such delinquent stockholder. In the event of any such sale the certificate or certificates of such delinquent stockholder, re- presenting the stock so sold, shall be canceled on the books of the Company and a new certificate or certificates shall be issued to the purchaser at such sale for the stock so sold. At such sale the Company may bid for and purchase suc~ stock. :~ I. ~, .,: .\.... '~, 'f ~,~ . ~ ARTICLE II " STOCKHOLDERS Section 1 The first annual meeting of the stockholders shall be held on the first Monday in March, 1937, and the regular annual meeting on the same day in eacn succeeding year there- after, at the office of the Cow.pany in the Town of Holly, Colo- rado. Section 2 Notice of each llleeting signed by the Presi- dent or the Secretary shall be published in a weekly paper in the Towns of Holly and Lamar, Prowers County, Colorado, for at least thirty (30) .days prior to the time designated for each meeting, and a copy of such notice shall be sent by mail to the last known post office address of each stockholder at least thirty (30) days pr ior to the day of such meeting, or otherwise as proviced by law. '. I Notice of all special meetings of the stockholders shall be giyen as provided for notice of regular annual stockholders' meetings except. as otherwise provided by law, but in addition such notices shall concisely state. the object or objects of any SUCh special meeting. Section 3 Pi quorurr: at any meeting of the stockholders shall consist of a majority of the outstanding stock of the Company represented in person or by pro'Yv and t~e majority of . such quorum, except as otherwise provid "Y law, sha 11 decide any question that may come before the mee Page 5