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<br />RECORD OF PROCEEDINGS
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<br />100 Leaves
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<br />Section ~3.- Where Stoak i~ transferred 03 8eCl1rity for 1n-
<br />debtajne8~ cf e Rtockhold~rJwhgnever rra~ticablcJthe ell Certifi~ate
<br />eh~ll be eurrender~d ~n0. :J neiV C'3rtif!cat~ b~) iSf::u~,i to thF. l.ulJp-r
<br />of the oecurity,or to a Tr\let~e,or the rublts Truetc~,ae tIle C:l3~
<br />may be,ln which ca6~ the wcr1 ~ru8t~eJ~ortgaeee or rlec~eA,88 t~e ca-
<br />se may be,'.-vhenever f~aBible,6hflll b~' f]'<pressed ~ft~r tr~!'-'. :n'-u'lo, of
<br />the legal hold~r. In such c',.se when the f. !",coet?ry ia ~.dvise(l)
<br />he er.~ll note on the nJ9.rg1n of tr:c G~rtificatl') in r",:.l inl: th~ narr.e
<br />of the equity o>'mer 8!'1d if practicabl",ahall note on the utub of
<br />saLi C~rtlficate aleo thE" nilme of the e'1ui ty o":m=r and the llan:t- 0:
<br />the r~~uon holding th~ injebtedness Becurdd,wh~re &uch person i~
<br />difT~rent from the }~Jgal hcldel' of the Certificate,anrl the RflJount
<br />of tr~ indp.bte1n~S6 eecured. In such case tn~ e~uitv owner
<br />of the Stock so not~d Sh111 b~ quthorized to- vot~ the Stock at
<br />Stockhol'ier'a mo:'!~ting8,etther in pel'dOn or 1:'Iy proxy, out in C20/) of
<br />hiB cCBence,the MGrt5~gee,rlertgco or Truotee h1vine the lEbal title
<br />~~y vot~ in pereon or by proxy.
<br />In caBe of the pledGe of any sher., of Stock,the pe.rtioB con-
<br />cerned may,tf they pref,,=,r,inateCld of 8urr~nrj;~r1.nz Jehe C.;>rtific::l:e
<br />for cRncellAtion,oaur~ th~ Cert~ficAte to be shown to the f!Jret~ry,
<br />'N! tl1 p.r.rlorf:l;~m~nt thet'eon 0:: t~.~ f.ledg:'!,''lh':lrel1pon it Hl,ro.ll bl:' t:. luty
<br />of the Secret3ry,if Eaid Steok be not s~lr~pnjqr~d for cancAllation,
<br />to make ~ memoran~um on th~ Certifio~te stub Ani the f.toDk L~dg~r
<br />of th~ Company, E>hov;ing to i'liho!!l and fer l'ihat amount the said. Stock
<br />h~e been pledgBd.
<br />Section 83. - In event oh:-->.res of Stock are reglllarly ::11. ta-
<br />ahed or l~vie(-l upon ;1n1 601 i on eXA0'ltion agn.in~)t the owner of thp
<br />D>c(;c.:1:,thc purchaser ;;;~t <7!'~ecu.tion aiilf:"l or other ~Tlv!icif\l Bf\lp-,F3h~ll
<br />be entitled to receive i1 np.:w' C~rtificate of 8tock upon Ip.a.virH1' pith
<br />the SecretAry, big Sheriff's or oth<;!" C~rtificatA of rurchae8, In 'ill
<br />caees where the Se~ret&ry 18 aaticfied there haa b~~n no valid trans-
<br />fer of Baid Stock by the execu'tion debtor prior to the levy.
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<br />ARSES8)~fNT.
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<br />Section 84. - -AB[leB6ment~ may be m~l~ fro~ ttme to ti~e on .
<br />th~ paid up CArit~l Stock of this Gomrany to.k~9f. itB ~itGh or oth~rj'
<br />prop~rtv in goo:i r~prdr and f0r p3.ym'_mt of any clf1ir-: f\t;:l inet the
<br />COm[Rny not oth~rwise provided fOT,rr0vided ~t:~~ the ~~kinG of any
<br />uuoh aeeesc:m'3nt ~halJ .firr,"t b~ 2lJ.bmi tt~d to the flto:J1r}-101Jer' B of til,..
<br />Corporation an pr0vided in Sec~ion 56~ ~i116 Annotated Statut~8.
<br />Section 85. - AS8cssments when reGularly maue,shal1 craw in-
<br />terest a~ th~ rate of 10 pAr cent p~r annUM from the time fixed in
<br />the l-:wy of the AS8eGSrrent for the same tv b~come :lclinquent.
<br />No Rtockhnlier delinq\l~nt in r~yment of an A~BeB6ment le- /
<br />vi~~1,f(hellJdur!ng th~ p~riod of hiA clelinr',:uency,b~ p':':!'J""itted to ~
<br />draw 2.ny '.':ater .eith~r ).n pe.Tf:.;')n or by his privi~c in !nt~reBt.
<br />The Secretary shal] 'f'.H'!'.ish to th~ Superintendant an.:: rTAS-
<br />ident of th~ C0mpany,a list of all etockhold,:;rt; v/ho ar":l delinquent
<br />in rrym~nt of RBeeR8ments.
<br />Section 26. - In adiition to th~ provisions th~t roo Stock
<br />C3n bp. tr~nRf~r~~j,~ith~r absolut?ly or in plejg~ or as cc~lateral
<br />B~curity 'lThen aSl3e:1ementCi thc!"3on are d.elinquent,:lud the further
<br />rrovision that no "!~-i'ter shall be deltvc:'"'l:i to a Stoctr:cLl'9r on
<br />Stock d"31inquent in ]):iyment of AUBp.sen:ents,to furth~r ~nforce rR.y-.....
<br />r::ent of AEtlp.BsmentaJaotion at TJrUI may be ccr:1menc~d nSCi.:i.n8t d'3lin-
<br />quent Stockho11ern to collect ASB~A8m~nta.
<br />In case j11dgeffiS'nt be obtained in said slli t, execution may be
<br />levied on the Stook rielinquent :-mj thlj Company r.lay b~r.;:o1Jle the pur- 1,1/
<br />chaser of such Stock at ex<!cution sale iThe]'~'_~pon 6uid Stock shall
<br />h~cn~e Trea9ury Stock of tte 8omp3ny
<br />Section 27. - Before ~"V AaaAEomert J.llv levi~j shRll b~-
<br />co~e d~lin1u~nt,3t l~;t~t thrity ~aY3 notice ther~of shall be given
<br />by the Secret1ry to c~c~ Stcckl1011~r by nlail addresGed to the ]~st
<br />~nnwn ~0~t Offico ai~t~esa of ~ach Stockholder.
<br />Th~ Sec~~tat1~19 Certificate of mailinG sh~ll bA prima
<br />fAcia evide~cc tha~ ~otic~ has be9n dul liven.
<br />Recticn 28 - ~ater obtain~d b the Co~~any from the G11-
<br />mOIt. Lat-e'['al,Th~ Com[.1:tny nt;:lJl rl:).dve or ecch Eharp. of }-;tock 38.4
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