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<br />. <br /> <br />. <br /> <br />is issued. Several certificates may be issued to the sarreper- <br />son or persons, provided that in the aggregate, the number of <br />shares so issued, shall not exceed the number of shares so be- <br />longing to 5UC~ person or persons. No fractional shares of <br />stock shall be issued. <br />Section 4. The Secretary shall keep a stock ledger and <br />true account of all shares issued and received by the Company <br />in accordance with the provisions of the Statutes of, the State <br />of Colorado. <br />Section 5. Transfers. Transfers of stock to entitle <br />a holder to vote must be made and registered at least ten (10) <br />days prior to the time of any meeting, at which such vote is <br />tendered, and all'stock shall be transferred on the books of <br />this company by assignment either in person or by ,attorney. <br />No transfer of stock shall be made separate and apart <br />from the land except upon surrender of the original certificate <br />for cancellation and upon payment of a transfer charge of One <br />Hundred DOLLARS ($100.00) per share, nor shall any such transfer <br />be made where stock is sold in connection with the land on which <br />the same has heretofore been used, except on payment of a trans- <br />fer charge of Ten DOLLARS ($10.00) per transfer or certificate. <br />Transfers shall not be made upon which assessments are due or <br />unpaid or while the holder is indebted to the company on any <br />account whatsoever. <br />Section 6. Lost Certificates. Duplicate certificates <br />may be issued in lieu thereof upon the stockholder furnishing <br />proof of such loss of a bond with surety satisfactory to the <br />board in such penal sum as it may decide upon, indemnifying the <br />company from loss on account of the re,appearance.of the lost <br />certificate. A fee of Ten DOLLARS ($10.00) shall be charged for <br />issuance of a duplicate certificate. <br /> <br />-6- <br /> <br />o <br />