PROJ01972 ‎(2)‎

• Contract/PO #: C150130
• Contractor Name: South Side Reservoir Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Loan Projects - Doc Type: Feasibility Study

(
\

Sec. 11. .
Call s
Forfeiture.

Sec. 12.
Transfers.

(

Sec. 13.
(),uorum
Chairman.

(,

Sec. 14.
~Y'der of
Jsiness.

and bearing the corporate seal. The certificates of stock

shall be numbered and registered as they are issued.

All stock upon which an .assessment shall be levied by

order or resolution of the 'Board of Directors, when such

installment shall remaj_n unpaid after demand in person or

by mail has been duly made and the time allowed by law for

its payment has elapsed, shall be forfei ted to the Company.

No transfer of stock shall be made, except upon surrender~

of the original and the Hri tten assignment of the holder,

or his written request for re-issue, except in a case of a

lost certificatB. In case of loss of original certificate,

the Secretary shall require proof of such loss and may as

he sees fi t, require an indernni ty bond. For .each transfer

a fee of ~~enty-five cents may be charged. No transfer of

stock shall be made, or new stock issued until all assess-

ments and unpaid installments on the same shall have been

paid. Transfers of stock, to entitle the stockholde~s to

vote, must be made and registered at least three days prior

to the time of meeting.

A majority of the board shall constitute a quorum, and in

the absence of the President, the members present shall

choose one of their number to preside at the meeting.

The order of business at the annual meeting of the stock-

holders shall be:

(1).

He ading of the minute s of the 1 a s t

me(;ting.

(2) .

Hearing reports from officers.

( 1) ~<"' Q _
,---' . . I _~ .......