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<br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />party owning said stock; the adYe~tise{nent shall state the <br />tilne wtlsrl the said stock will be sold and the place at whictl <br />the said sale will be Ilald, designating the hour of tIle day <br />in which said sale will take placey and shall also state the <br />total arnOUJlt which is due to the Company on account of tl'18 <br />said assessments and other items against said stock~ The <br />sale shall be conducted by tIle Secretary of the Company, or <br />by any person designated by said Secretary -to act for him in <br />making said sale. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Section 10. Saicl advertisement shall be published 1n <br />tIle newspapers so selected by the Secretary once a week for <br />three cc'nsecLttiv8 wee~(s prior to the salSa <br />A copy of t!le notice so advertised, shall be mailed to <br />each shareholder wtlose stoc~ is to be sold, at some time <br />during the period of publication, addressed to such <br />stockholder at the address contained in the official record <br />of the stockholders~ postage p~epaid, properly deposited ifl <br />the United States mails~ and a copy of said notice shall be <br />!5snt in tIle same way to any person known by the Secretary to <br />have an interest in the said stock. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Section 11. At the time ~nd place fixed in said notice, <br />the Secretary or the person de~ignated by him as aforesaid, <br />shall proceed to sell the said stock to pay all of the <br />indebtedness, inter8sty costs and charges against the same? <br />~t public sale, to tile highest and best bidder for cash, at <br />which sale the Company may become a bidder or purctlas8r, and <br />out of the proceeds of said sale tIle Secretary shall first <br />pay all expenses incurred in making the said sale, includillg <br />the cost of adve~tising. He shall tllsn pay to the COffi]Jany <br />whatever amount is due to the 0aid Company on accourlt of said <br />assessmellt, so levied, the int@r8st and penalties thereon~ <br />and the expenditures for headgates arld other appliances, <br />charged against tile said stoc~,holder, foy the measuyelnent and <br />diversion of water' that may at that time remain urlpaid~ <br />Whatever balance there may be remaining out of tIle proceeds <br />of sDid sal~ shall be paid oveY by the Secretary to tt'18 <br />delInquent slldreholder. <br />If there is no junior lienor known of to the Secy'etary <br />entitled t() be paid any excess moneys and if tIle owner of <br />record as of the day of the said sale fails to claim .the <br />excess moneysy said Inoneys shall remain ill tile custody of the <br />Treasurer of the Company and shall be held in ty'ust and <br />accoullted for, witlloUt inteyest, by him for two years f~om <br />the date of sale. Any funds not claimed within two years <br />froin tIle date of sale shall be paid by the TreaslJyey to the <br />genelral furld of the Company~ with one written notice to the <br />foymer shayeholder witllin one yeay after said sale~ by <br />c8Ytified mail to ttle last J,nown or best knowrl address. <br />New certificates of stock shall be issued by the proper <br />officers of the Company to the purctlaser or purchasers of the <br />stock at said sale, arld tIle proper notation showing the <br />disposition which tlBS been madg of the old certificat0 OY <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />