Laserfiche WebLink
ARTICLE 'iv'I, STOCK CERTIFICATES <br />Section 5.41 Form of Certificates. Certificates representing the capital stock of the <br />Company shall be on such fortes as shall be prepared and approved by the President and the <br />Secretary. Each stock certificate shall be signed by the President and the Secretary- and shall <br />state on its face, the certificate number, date of issuance, number of shares and the person to <br />whom it is issued. <br />Section 6.02 Lost Stolen or Destroyed Stock Certificates The C'on7pany shall issue a new <br />certificate in place of any certificate theretofore issued cohere the holder of record of the <br />certificate: (a} makes proof in affidavit form that the certificate has been last, destroyed or <br />wrongfully taken; (b) requests the issuance of a new certificate before the Company has notice <br />that the certificate has been acquired by a purchaser for value in good faith and without notice of <br />any adverse claim; (c) gives a bond in such amount and with such surety as the Company may <br />direct, to indemnify the Company against any Claim that n1ay� be made on account of the alleged <br />loss, destruction or theft of the certificate or executes all indellinity agreement, in form and <br />substance satisfactory to the Company, that protects the Company against any losses arising out <br />of any claim that may be made on account of the alleged loss, destruction or theft of the <br />certificate, and (d) satisfies any other reasonable requirement unposed by the Company. When a <br />certificate has been last, apparently desuoyed or �NTo gfully taken and the holder of record fails <br />to notify the Company within a reasonable time after he/she has actual or constructive <br />knowiledge of it, and the Company registers a transfer of the shares represented by the certificate <br />before rcceivmm such notification, the holder of record shall be precluded from making any <br />claim against the Company for the transfer or a new certificate. <br />ARTICLE VII, MISCELLANEOUS <br />Section 7.01 Power to Shut (off AVater; Declare Forfeiture. The .Board of Directors shall <br />have the power thirty (30) days after the due date of any assessment, to close the heat ate of any <br />water user that is delinquent in, paymentt of any assessment. The Board of Directors is <br />empowered to declare a forfeiture, and sale or forfeiture without sale, of stock for any unpaid <br />assessment which may at any time be or becomes due thereon, said forfeiture to be made in <br />accordance Nidth the applicable statutes of the State of Colorado. It is hereby made the fluty of <br />the Secretary to sell and dispose of any forfeited capital stock at a sale to company shareholders <br />or other third - parties at such time and place as and Nvhen the directors may determine, thirty days <br />notice of such sale having been given by advertisement in a daily or rw�eekly newstaaperpublished <br />I n Weld County.. Colorado, and demand for the amount due thereon having been made either in <br />person or by written notice duly mailed to the last kno-wn address of the owner or holder of such <br />stock, at least thirty= flays- prior to such sale. Forfeited stock may be retained and not scald when <br />I <br />n the judgment of the Board of Directors it is in the best interests of the Company and other <br />shareholders to retain it <br />Section 7.02 E. neLl <br />Company, of any kind <br />construction, operation, <br />Directors may raise the <br />Company, <br />uses and Maintenance. For- the purpose of defraying the expenses of the <br />whatsoever, and of paying the casts of maintenance, management, <br />repair and such indebtedness as it may legally incur, the Board of <br />money or revenue required by assessing shares of capital stock of the <br />W6, <br />