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<br />. <br /> <br />. <br /> <br />In case any officer who has signed or whose facsimile signature has been placed <br /> <br />upon such certificate shall have ceased to be such officer before such certificate is <br /> <br />issued, it may be issued by the corporation with the same effect as if he were such <br /> <br />officer at the date of its issue. <br /> <br />Section 3: Lost Certificates. The board of directors may direct a new certificate <br /> <br />to be issued in place of any certificate theretofore issued by the corporation alleged <br /> <br />to have been lost or destroyed. When authorizing such issue of a new certificate, <br /> <br />the board of directors, in its discretion and as a condition precedent to the issuance <br /> <br />thereof, may prescribe such terms and conditions as it deems expedient, and may <br /> <br />require such indemnities as it deems adequate, to protect the corporation from any <br /> <br />claim that may be made against it with respect to any such certificate alleged to have <br /> <br />been lost or destroyed. <br /> <br />Section 4: Transfer of Shares. Upon surrender to the corporation or the <br /> <br />transfer agent of the corporation of a certificate representing shares duly endorsed <br /> <br />or accompanied by proper evidence of succession. assignment or authority to transfer. <br /> <br />a new certificate shall be issued to the person entitled thereto, and the old certificate <br /> <br />cancelled and the transaction recorded upon the books of the corporation. <br /> <br />Section 5: Closing of Transfer Books. For the purpose of determining share- <br /> <br />holders entitled to notice of or to vote at any meeting of shareholders. or any adjourn- <br /> <br />ment thereof or entitled to receive payment of any dividend. or in order to make a <br /> <br />determination of shareholders for any other proper purpose, the board of directors <br /> <br />may provide that the stock transfer books shall be closed for a stated period but not <br /> <br />to.exceed, in any case, fifty (50) days. If the stock transfer books shall be closed <br /> <br />for the purpose of determining shareholders entitled to notice of or to vote at a meeting <br /> <br />of shareholders. such books shall be closed for at least ten (10) days immediately <br /> <br />11 <br />