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� , , , , , .., , : <br />.� ��: <br />Colozado atatutQa rolating to mutuul ditch compAnies. ReL'. <br />Co1o. Itev. SL•n�: Ann. §7-92-104 (1973). <br />��,�� <br />' b. Lien on Shares . The Company ai�nll� liave A � <br />tiral• lien o�t nll riglil:s .and aharea oF tlio regiatered sliare- <br />holders tliereof for any und All indeUL•edtioss o[ euch �haro- <br />IiolQer Lo the Company, whaL•har sucii indebtedness was incurred <br />betore or aL•ter ttie shareliolder Uecame a ahureliolder ot• tlie <br />Company. This lien ahall continne until this incleUL•edness <br />�l�all liave been puid in fu11, and tha slock st�all i�oL• l�e <br />transterred on tl�e books of the Company until aucli indeUted- <br />neas slinll Ue puid. � • . � � ; <br />c. Asseasments: ' ' <br />' (�) Written notice of assessmenl•s on sL•ock, duly <br />].evicd, �ha11 be mailad by tho Secrol•ury oL T�:eri:�ii�:o1 <br />to each shureholder ai; leasL• L•liirL•y (30) day� UeCorQ <br />due. If any shareholder ahalJ. tail L•o ���y L•he asuess- <br />menl• or ot•her indeutedness against his st•ock wlien clue, <br />L•he 3ecrei:ary or Trea�urer �hnll sell �o tnucli ot• li.ts <br />• sCack as may bo neceasury to pay sucti �;,se�3menL•, <br />togel•tier witti intezest, reasonable aL•torncys fee�, <br />publical•ion and oL•tier expenses of sale, �i�:�o�t fir:�t <br />giving one hundred eighty duys (100) wrzL•L•en noL•ice ancl <br />demand for such payment, • by cerl•1E.ied mail, reL•tirr� <br />recaipt requested, aucli nolico to sl•nte thzC L•l�� c�L•oc)c <br />wizl be sold if payment is not mado wiChin �aiQ ��erJ.ocl. <br />Any proceecl� ot t•lia sale in oxcas� oP nuch nc�en:;men� ' <br />nnd cosL•3 oL sale shall Ue paid t:o the ��rior aharcholder. <br />All �flle� in connoction i:tierewil:h ahull ba he1Q i.n <i <br />commerclnlly reasonaUlo mannoz wliich cl�all inclucic <br />publlcuL•ion in a nawspaper o� general circulal:ion .in <br />lho CounL•y noL• less oFtan �hun four (A) L•imea. <br />iZ? All assesaments or indebl•edness oP Clie Comnany, <br />if noi: pnid when due, s1ia11 dr�w t►iL•eresl: aC tlie raL•e <br />oC ].2 pe.r cenl: per annum thereon' unCil paicl. <br />(3) Water atiul]. neitlier bo Qcalivered to a �liaro- <br />holder nor shares �ransFerrad until all tteaeasmenL•s ancl <br />incicUl•eclness nro paid. <br />'(4) �ndorsemenL• on Certifical:ea. Lacl� cl:ocic <br />ccrliL•icat•e oha11 be endorsed to show the lien L•or rhe <br />acsesoment, L•o-wit•: <br />'21ie Company has �u fir�t licn on alt, siilre� Lor <br />p�yman� of any i.ndebtadness due the Comp�ny Uy L•ho <br />ch�reho].der �nc1 ttiia st•ack At1C1 all xicfli�� l•I�ereti��cler <br />' � . <br />1 <br />, <br />� <br />- 2 •. <br />