C150363 Feasibilty Study - Laserfiche WebLink

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affirmation of that fact and produces such evidence of loss or destruction as the Board may require. The Board may, in its discretion as a condition precedent to issuing a new certificate, require the owner to give the Corporation a bond as indemnity against any claim that may be made against the Corporation on the certificate allegedly destroyed or lost. 6.8 Transfer of Shares. Subject to the terms of any shareholder agreements or any other restrictions on transfer in the Articles or imposed by the Board, shares of the Corporation shall be transferable. Transfer of shares of the Corporation shall be transferred on the books of the Corporation only upon the surrender to the Corporation of the share certificates duly endorsed by the person or persons appearing on the face thereof to be the owner or accompanied by proper evidence of succession, assignment or authority to transfer and such other requirements as may be required by the laws of the State of Colorado or by order of a court of competent jurisdiction. In that event, the sur- rendered certificates shall be cancelled, new certificates shall be issued to the person entitled to them and the transaction recorded on the books of the Corporation. 6.9 Registered Shareholders. The Corporation shall be entitled to treat the holder of record of shares as the holder in fact and, except as otherwise provided by the laws of Colorado, shall not be bound to recognize any equitable or other claim to or interest in the shares, whether or not the Corporation has notice of such claim or interest. 6.10 Stock Ledger. An appropriate stock journal and ledger shall be kept by the Secretary or such registrars or trans- fer agents as the Board by resolution may appoint in which all transactions in the shares of stock of the Corporation shall be recorded. 6.11 Fractional Shares. The Corporation shall not issue certificates representing fractional shares and shall not be obligated to make any transfers creating a fractional interest in a share of stock. The Corporation may, but shall not be obligat- ed, to issue script in lieu of any fractional shares, such script to have terms and conditions as set by the Board or to pay in cash the fair value of such fractions of a share as determined by the Board. SECTION VII Contracts, Loans, Checks and Deposits 7.1 Contracts. The Board may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the 15