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- levy of the Board of Directors, for the period of thir,ty days after personal notice theraof, and demand therefor by the Secretary, or after a written or printed notice 8l1d demMd therefor hes been deposited in the postoffice, properly addressed to the last known postoffice address of sucb delinquent stockholders, the Board of Directors et any meeting may order that the share or snares of stock held by such delinquent stockholder and all tbe interest of sucb stockbolder tberein be sald by the Presiden t at public auction" lit some certain time and place to be designated in such order, to the highest bidder for caShj Provided, however, that notice of such sale shall be published four successive weeks before s\lch sale in some public newspaper puhlished in Fort Collins, and provided, f'urther, tllat the proceeds of any such sale over and above the Blllount due on said share or shares and all 'expenses incident to such sale, shall be paid to the delinquent shara- holder. Section VIII. DISTRIBUTION OF WATER - All water S\lppl1ed by this Company shall be distributed or credited pro-rata among the stockholders of this Company. No water sball be delivered under any stock of this corporation until all assessments, which shall have been made or levied thereon, sball have been fully paid. Section IX. CORPORATE POWERS - The Board of Directors shall have those powers enumerated in tbe Articles of Incorporation and in these By-Laws, and such other powers as may be necessary or incidental in carrying out such enumerated corporate powers and conducting the business of this corporation. The Board of Directors shell have authority to amploy such officers or employees to conduct the business of thia corporation as they may see fit, and to fix the sslaries of the respective officers and employees of this corporation. Section X. ORDER OF BUSINESS - The order of business shall be that usual to such meetings. '- .