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■„ v_„ . . _,_. ,.. <br />0 <br />capital etock of tho oompany shall Le sub�eot to the payment oi • <br />such pro rat8 assesements ae me.y be so levied, and the o0mpany <br />ehall have a firet end prior lien upon each share of euoh stock <br />for such pro rata aeeessment until the same, together wlth all <br />interest and other charges connected therewith shall have been <br />paid in full. In the event any annual maeting of the ebock— <br />holders ehall fail to levy euch aseeesment by the firet day of <br />March in any year tho Boc�rd of Directore ehall have fu11 power <br />and authority to mako euoh aesesement at nny reaular or epecial <br />meeting of enid board, aalled for that purpose, and eny 18vy eo <br />make by the Board of Directora ehr�ll be ae aif eotive �or all <br />purpoees as thou�h made by the etockholdere� �d ehR�l be eub— <br />)ect to all of the provisione of these by—lnwe relating to <br />aesesemente mada by the stockholdera. <br />Seotion 2--Payment of �ssesements--All aesesemente upon <br />the capitel etock of the company, levied in acoordanae with the <br />provisione oY 8ection 1 of this artiole, ehall be due end payable <br />sa en entirety or in installmente at suoh time or times cuid in • <br />. suoh amounts ae shall be fized and determined by the etookholders <br />" �°'`- `� �°� �'°et th'ei"��`ennue7� m�'eting or by the direotora, in tha evsnt no euch <br />levy ie made by the etockholders. <br />Bection 3--Notioe of Assesement--PJithin thlrty days <br />after the annual meeting of the stockholders or meoting of the <br />Board of Directore at whioh'eny aesesement provided in 8eotion 1 <br />of thie Article ie levied, the secretary ehe,ll mail a notioe <br />thereof to eaoh etockholder at bie last knov�n poet offioe <br />addrese, etating the amount of euoh levy �.nd the date ot' dat�oa <br />upon whiah the eame eh�ll beoome due, either ae entirety or in <br />installnlea�e. The secretary ehall Mail a notice to each stock— <br />holder at hie laet knox� po�t offioe address nat lese than <br />—10— <br /> � : <br />• <br />