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<br />. <br /> <br />. <br /> <br />Section 7. The shares of the Company shall be issued <br /> <br /> <br />. as fully paid stock of no par value. <br /> <br />ARTICLE XI <br />ASSESSMENTS <br />Section~. The stockholders of this Company shall have <br />power to levy assessments for all lawful purposes, and that in <br />case.of the making of any such levy, the stockholders of record <br />on the books of the company shall, be entitled to ten days pre- <br />vious notice of the levy of any assessment, to be given prior <br />.to the payment ~f such assessment, by mail. Such notice shall <br />be addressed to such stockholder at the place of residence as <br />evidenced by the stock record of this company. Said notice <br />shall be in writing and shall state the total amount of the <br />assessment, and shall also state the time or times required <br />for the payment thereof and in default of the payment of such <br />assessment, notice whereof shall be given in the manner herein <br />provided, and such stock may be sold in the manner provided by <br />law, for the payment of such assessment. All delinquent assess- <br />ments shall bear interest at the rate of 8~% per annum. <br />Section 2. Assessments levied as aforesaid shall be <br />levied on all issued shares of the Company alike, and shall be <br />payable in money for the purpose of keeping the property of <br />this corporation in good repair, for the proper operation <br />thereof, as well as for the purpose of paying any claim against <br />this company not otherwise provided for. <br />Section 3. No such assessment shall be made unless the <br />question of making such assessment shall be voted upon by the <br />stockhold~rs of said corporation at an annual meeting or at a <br /> <br />-7- <br />