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<br />I <br /> <br />I <br /> <br />I <br /> <br />legal representative~ or assignee has noti~ied the company <br />that such certi~icate has been l05t~ mi51aid~ or destroyed~ <br />and ~.uch stoc:kholdet~, legal t~ept-esentative, Ot- assignee has <br />notified the company that such certificate has been lost, <br />mislaid, or destroyed and such stockholder, legal <br />representative, or assignee has paid all assessments levied <br />by the company against the stock since the notification, the <br />stockholder or his legal representative or assignee may file <br />with the secretary of the company a statement under oath, <br />duly notarized, swearing that the certi~icate o~ stock has <br />been lost, mislaid, or destroyed and that the certi~icate is <br />the property o~ the person making such statement and has not <br />been trans~erred to hypothecated by him, and demand the <br />issuance of a duplicate certi~icate. The company may <br />require the stockholder, his legal representative or <br />assignee to indemni~y the company ~rom all loss incurred by <br />the company as the result o~ this situation and may ~urther <br />require from such person a bond or other surety or security <br />su~ficient to protect the company from such loss. c) Upon <br />receipt o~ such demand, the company shall publish, at the <br />expense of the person making such demand, at least once a <br />week for ~ive successive weeks, the ~i~th publication being <br />on the 28th day a'Fte,- the fi,..st publication, in", newsp"<I:Je,' <br />of general circulation in Garfield County, a notice that <br />such a demand has been filed with the co"~any, setting ~orth <br />such demand in ~ull and stating that said company will <br />i5sue~ on or after a date therein stated~ following the last <br />publication of said notice by at least 30 days, a duplicate <br />certificate to the registered owner or his legal <br />representativE Dt" assignee unless a contrary claim is ~iled <br />with said company prior to the date stated in the notice. <br />d) If no claim of interest or ownership other than that <br />made by the person ~iling such notice or his legal <br />representative or assignee is filed with the secretary o~ <br />the company prior to the date stated in the notice~ the <br />cC:Hnpa.ny shc-i.ll .issue, on Ot- aftetM si:~id datE?, i:\ duplicate <br />certi~icate to said person or his legal representative or <br />2!5signee, and 6\11 t.ights Ltndet- the otNiginal cet.ti.f:icc1tf2 <br />shall immediately cease and no person shall at any time <br />thereafter assert any claim or demand against the company or <br />any other pe~son on account of such original certi~icate. <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 /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Section 4~ Asse55ments~ All stock issued by the <br />corporation shall be subject to assessments, to be levied <br />pro rata on all shares o~ stocku Assessnlents may be paid in <br />money, labor or both, as the Board o~ Directors may <br />deter-.minE'" <br /> <br />I <br /> <br />..11II <br /> <br />A. Annual Assessments. Each share of stock issued will be <br />subject to an annual assessment for the operation, repair, <br />improvement, enlargement and E}:tension of the company~s <br />ditch, and for the payment of any lawful indebtedness or <br />interest thereon o~ the company. The amount o~ any pr-oposed <br />assessment and the question o~ ma~~ing such assessment shall <br /> <br />JI <br />~ <br /> <br />~ <br /> <br />F'cJ.ge 6 <br />