C150271 Feasibility Study

• Contract/PO #: C150271
• Contractor Name: WRCC, Inc.
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Feasibility Study

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Section 3. New Members. New Members maybe admitted to the Corporation upon
the purchase or acquisition of common stock in the corporation in a manner consistent with the
terms of the Articles, these Bylaws and the laws of the State of Colorado.
Section 4. Certificate Representing Shares. Each Member shall be entitled to a
certificate signed by an officer of the Corporation, certifying the number and type of shares
owned. Shares shall be transferable only on the books of the Corporation upon surrender of the
certificate representing the shares, properly endorsed. The Corporation may charge a reasonable
fee and all costs incurred in the transfer. Any shareholder who has lost, destroyed or mislaid his
common stock certificate shall notify the Secretary in writing by hand delivery or certified US
mail as soon as reasonably possible. If three or more years have elapsed since the receipt of the
written notice by the Secretary, and such stockholder has paid all assessments due and owing, the
shareholder shall complete a Verified Statement of Loss and Notice of Demand as provided to
him by the Secretary upon request by the shareholder. Upon execution of the Verified Statement
of Loss and Notice of Demand, the payment of all assessments due and owing, and the payment
of a one time fee of $500 per share plus $100 per new certificate to be issued, the Corporation
shall publish, at the additional expense of the shareholder, at least once a week for five
successive weeks, the fifth publication being on the twenty-eighth day after the first publication,
in a newspaper of general circulation in Weld County setting forth the Verified Statement of Loss
and Notice of Demand in full and stating that the corporation will issue, on the date stated
therein, following the last publication date by thirty days, a duplicate or replacement certificate
unless a contrary claim is filed with the Corporation prior to such date. Assuming no claimants
come forward, the Secretary shall issue one or more new or duplicate certificates representing an
equal number of shares of common stock. All rights under the original certificates shall cease
immediately thereafter.
If three or more years have not elapsed since the receipt of the written notice by the
Secretary, provided however that such stockholder has paid all assessments due and owing, the
shareholder shall complete the Verified Statement of Loss and Notice of Demand as provided by
the Secretary to the shareholder upon request and post bond as provided in said Statement. Upon
execution of the Verified Statement of Loss and Notice of Demand, the payment of all
assessments due and owing, the payment of a one time fee of $500 per transaction plus $100 per
new certificate to be issued, and the posting of the required bond, the Corporation shall publish,
at the additional expense of the shareholder, at least once a week for five successive weeks, the
fifth publication being on the twenty-eighth day after the first publication, in a newspaper of
general circulation in Weld County setting forth the Verified Statement of Loss and Notice of
Demand in full and stating that the Corporation will issue, on the date stated therein, following
the last publication date by thirty days, a duplicate or replacement certificate unless a contrary
claim is filed with the corporation prior to such date. Assuming no claimants come forward, the
Secretary shall issue one or more new or duplicate certificates representing an equal number of
shares of common stock. All rights under the original certificates shall cease immediately
thereafter.
Section S. Transfer of Stock. No transfer of stock for uses on land not historically
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