Laserfiche WebLink
9.10 TRANSFER OF STOCK. Subject to the terms of any <br />Shareholder agreement relating to the transfer of shares or <br />other transfer restrictions contained in the Articles of <br />Incorporation or these Bylaws, shares of the Corporation shall <br />be transferable on the books of the Corporation by the holder <br />thereof in person or by his duly authorized attorney, upon the <br />surrender and cancellation of a certificate or certificates for a <br />like number of shares. Upon presentation and surrender of a <br />certificate or certificates for shares properly endorsed, together <br />with a photostatic copy of the recorded deed evidencing <br />transfer of the water rights represented by such shares, and <br />payment of all indebtedness owned to the company or adjusted <br />to the satisfaction of the Board of Directors therefore, the <br />transferee shall be entitled to a new certificate or certificates in <br />lieu thereof. As against the Corporation, a transfer of shares <br />can be made only on the books of the Corporation and in the <br />manner herein above provided, and the Corporation shall be <br />entitled to treat the holder of record of any share as the owner <br />thereof and shall not be bound to recognize any equitable or <br />other claim to or interest in such share on the part of any other <br />person, whether or not it shall have express or other notice <br />thereof, save as expressly provided by the statutes of the State <br />of Colorado. <br />9.11 RESTRICTION OF STOCK TRANSFERS. Said company <br />retains the authority to control and restrict the sale, lease or <br />transfer, by any means, of the "right of use" of may and all <br />water rights now owned and controlled by said ditch, and each <br />individual member thereof, to third parties, or any nature, now <br />owning lands lying along and under the Riverside Ditch and <br />Allen Extension of said Ditch hereinabove referred to or any <br />enlargement or extension thereof. "Right of use" is defined as <br />the right of a Shareholder, as shareholder is defined herein <br />above, to utilize water and water rights upon and apply to, lands <br />lying along and under the Riverside Ditch and Allen Extension <br />of said Ditch hereinabove referred to or any enlargement or <br />e�ension thereof the "Ditch." <br />A Shareholder shall not voluntarily transfer, or permit or <br />suffer the involuntary transfer of shares of stock in the <br />Corporation to any person who is not a Shareholder of the <br />19 <br />