PROJC01841 ‎(2)‎

• Contract/PO #: C150270
• Contractor Name: Headgate 135 Lateral, Inc.
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Loan Projects - Doc Type: Feasibility Study

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state; the name of the person to whom issued; the number and
class of shares and the designation of the series, if any,
which such certificate represents; the par value of each share
represented by the certificate or a statement that the shares
are without par value. Restrictions imposed by the corporation
on the transferability of the shares shall be noted conspicuously
on the certificate.

Section 2. Transfer of Shares. The name and address
of the person to whom the shares represented thereby are
issued, with the number of shares and date of issue, shall be
entered on the stock transfer books of the corporation. All
certificates surrendered to the corporation for transfer shall
be cancelled and no new certificate shall be issued until the
former certificate for a like number of shares shall have been
surrendered and cancelled. Transfer of shares of the corpora-
tion shall be made only on the stock transfer books of the
corporation by the holder of record thereof or by his or her
legal representative, who shall furnish proper evid,ence of
authority to transfer, or by an attorney thereuntoa~thorized
by power of attorney duly executed and filed with the secretary
of the corporation~ and on surrender for cancellation of the
certificate for such shares. The person in whose name shares
stand on the books of the corporation shall be deemed by the
corpqration to be the owner thereof for all purposes, except as
otherwise authorized or provided in the bylaws.

Section 3. Replacement of Lost or Destroyed Certifi-
cates. The Board of Directors may direct a new certificate for
shares to be issued in place of any certificate theretofor~
issued by the corporation alleged to have been lost or destroyed,
upon the making of an affidavit of that fact by the person
claiming the certificate of stock to be lost or destroyed.
When authorizing such issue of a new certificate, the Board of
Directors may, in its discretion and as a condition precedent
to the issuance thereof, require the owner of such lost or
destroyed certificate, or that person's legal representative,
or attorney in fact, to give the corporation a bond in twice
the value of the shares as indemnity against any claim that may
be made against the corporation with respect to the certificate
alleged to have been lost or destroyed.

ARTICLE VII

Corporate Seal

The Board of Directors shall adopt a corporate seal
which shall be circular in form and shall have inscribed on the
periphery the name of the corporation and the state of incorpora-
tion. In the center of the seal that shall be the word "Seal".

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