C153607L Bylaws and Adendums

• Contract/PO #: C153607L
• Contractor Name: Trinchera Irrigation Company
• Contract Type: Loan
• Water District: 35
• County: Costilla
• Bill Number: SB 92-87
• Loan Projects - Doc Type: Contract Documents

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assi~~ent of' certificate, cr a written request for transf~: by
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the owner or ,holder thereof, personally, or by agent or attorneys,

and upon the' signature of the'oertificates to be transferred pro-

perly endorsed or assigned; and no transfer of stock shall be '

mads u~til,and unless all assessments, interest, and charges due

thsreon shail have been paid.

Seotion 3--Saie of Stook--No capi'tal stock of the' col!l-

'pany shall be sold or issued" save only in striot complianoe with

ths provisions of the Articles of Inoorporation of the oompany

relating ,theret~.

Seoti6n '4--0anoellation of Oertifioates~All trans-

ferred or sutrendered certifioates of stook shall be oanoelled

and,pteeerved ,by the.seoretary.

Seotion 5--Lost Geitifioates~-Ih the event Of loss of

oertifioate, none shall be issued to replaoe the same exoept by

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resolution of the Board of Direotors, which resolution shall

require an affidavit or affidavits of suoh loss to be filed,

stating the faots and oircumstances thereof, and shall require

suoh Burety and indemn~ty against lOSS, cost or damage to the

company by reaaon,ofthe loss of suoh certificate and the

issuance of a substituts certifioato, as may be presoribed by

the'Board of Directors.

ARTIOLE VI.
Assessments on Stook.

Seotion l--Levy--At each annual meeting of the stook-

holders of 'the oompany there shall be levied a pro rata assess-

ment upon eaoh share of the outstl'nding capi tal stock of the'

oompany, the aggregate of which assessments shall be sufficient

to pay all estimated and anticipated operating and maintenanoe

expenses, and interest upon and prinoipal of indebtednes~ for

the year in whioh suoh ,(ssessment is' levied. Each share of the

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