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<br />4. Lost or Destroyed certificate: If any stock <br />certificate is claimed to be lost, stolen, or destroyed, a <br />ne\: or replacement certificate shall be issued according to <br />the following procedure, or as otherwise provided by law: <br />(a) The person seeking the replacement <br />certificate shall file with the company a bond of <br />indemnity satisfactory to the board of directors, <br />holding the company harmless with regard to any claim <br />arising from the certificate claimed to be lost. <br />(b) The person seeking the replacement <br />certificate shall file with the company a sworn affidavit <br />setting forth (i) the circumstances under which the <br />affiant believes the certificate sought to be replaced <br />was lost or destroyed, and (ii) the affiant's right to <br />the issuance of a replacement certificate. <br />(c) The board of directors shall review the <br />aforesaid indemnity bond and affidavit and, if both are <br />satisfactory, shall by resolution direct the secretary <br />to issue a replacement certificate. <br />ARTICLE VI - Assessments <br />1. Assessments on stock: Each share of stock <br />issued and outstanding shall be subject to a regular annual <br />pro-rata assessment for the company's maintenance and <br />operating expenses, in an amount to be determined by the <br />shareholders at their annual meeting. In addition, at a <br /> <br />-16- <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />