Laserfiche WebLink
Section 2. The office of the Company shall be in said Town of Fort Morgan. <br />Section 3. All meetings of the Board of Directors shall be held at the office of the <br />Company, unless otherwise designated by the Board of Directors. <br />Section 4. The regular monthly meetings of the Board of Directors shall be held on the <br />first Saturday of each and every month at 9 o'clock AM, or at such other date and time as may be <br />designated from time to time by the Board of Directors, and special meetings of the Board of <br />Directors may be called by the President whenever he may deem it expedient or necessary, or on <br />the request of any two members of the Board. <br />Section 5. A majority of the Board of Directors shall constitute a quorum for the <br />transaction of business. <br />Section 6. Each share of stock shall be entitled to one vote on matters to be voted upon <br />by the shareholders at a special or annual meeting. Provided a majority of the stock is <br />represented at such meeting the affirmative vote of the majority of the shares represented at such <br />meeting and entitled to vote on the subject matter shall be the act of the shareholders. (Amended <br />January 27, 2007). <br />ARTICLE IX <br />Section 1. Certificates of stock shall be issued to every bona fide subscriber to the <br />capital of the Company who shall subscribe to the bylaws of the Company, and comply with all <br />requirements as provided in the Articles of Incorporation of the Company. <br />Section 2. Certificates of stock shall be signed by the President and Secretary, and each <br />certificate shall express on its face, its number, the date of its issuance and the number of shares <br />for which, and the person or persons to whom it is issued; and several certificates may be issued <br />to the same person or persons, provided that in the aggregate they do not exceed the number of <br />shares belonging to such person or persons. The certificate book shall contain a margin on <br />which shall be entered the number, date, number of shares, and the name or names of the person <br />or persons expressed in the corresponding certificates. <br />ARTICLE X <br />STOCK CERTIFICATES <br />Section 1. Shares of the Company when issued shall be issued as full paid -up stock of <br />the par value of fifty dollars for each share, and such shares of the Company may be transferred <br />at any time by the holders thereof, or by attorney legally constituted, or by their legal <br />representatives, but only upon compliance with any restrictions, agreements or other limitation <br />actually known by the Company at the time of the transfer and upon compliance with the other <br />provisions of these By -laws and the Articles of Incorporation of the Company. The Board of <br />6 <br />