C150063 Feasibility Study

• Contract/PO #: C150063
• Contractor Name: Jackson Lake Reservoir & Irrigation Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Bill Number: SB 94-29
• Loan Projects - Doc Type: Feasibility Study

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Section 2. Certificates of stock shall be issued under
the seal of the company and as paid up stock at par value of one
hundred (100) per share and be signed by the President
and Secretary and every certificate shall express. on its face its
number, the date of its issuance, the number of shares issued
for and the person or persons to whom it is issued.

Further that the same is assessible for maintenance,
superintendent's repairs, and other necessary indebtedness and
expense to be incurred by the company. Several certificates may be
issued to the same person or persons provided, that in the aggregate
they do not exceed the number of shares belonging to such person
or persons.

The certificate book shall contain margin or stubbs on
which shall be entered the number, date, number of shares,
and the name or names of the persons expressed, in the corresponding
certificates and no certificate shall be issued for less than one-
half of a share.

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Section 3. Certificates of stock may be transferred by the
holder thereot in person or by attorney legally constituted or by
their legal representative.

No transfer of any share of stock shall be valid until
all assessments duly made and outstanding ap,ains.t the m-mer of such
stock shall have been paid, nor shall any such transfer be valid
where the holder of the stock at the time of the transfer
is in any manner indebted to the company on any account whatever,
until the Board of Directors shall expressly otherwise direct
in any case.

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ARTICLE V.
Stock Limitations

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Section 1. The stock of this company, though fully paid
up when ~ssued, shall be asses sible as provided for under the
stat~tes of the State of Colorado and such assessments when made ,.
shall be liens upon the respective shares of stock and no transfers
of stock shall be allowed until all assessments are paid.

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Section 2. In case any assessments are made upon the
stock ot the company, the owner of such stock shall pay the
same within ten days after the date of such assessment is
made payable as provided by the resolution of the stockholder
making such assessments; upon his failure so to do such
assessment shall draw interest at the rate of twelve per cent
per annum from time due until paid and no rights or privileges
shall be allowed to any person or persons owning such stock until
the person owning the same has paid all assessments so made
thereon.

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Section 3, The Secretary shall notify each stockholder as
early as possible of each assessment after the same is levied and
demand payment thereof, either by delivery of a written notice
of such assessment to each stockholder severally in person or
by depositing in the United States Post Office at Fort l!or~an.
Colorado. such written notice and demand properly stamped and
addressed to the several stockholders at their last !:not-m Post
Office address.

.Section 4. l-lhenever any stockholder shall fail to pay
any assessment duly made and levied for thirty days after the same
is payable and for forty days after a written notice and demand for
payment signed by the Secretary as provided in Section 3 hereof, has
been either personally served upon such stockholder or mailed to
his Post Office address; the Board of Directors may at their option

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