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C153607L Bylaws and Adendums
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C153607L Bylaws and Adendums
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Last modified
1/30/2014 2:33:46 PM
Creation date
10/6/2006 12:00:21 AM
Metadata
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Template:
Loan Projects
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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<br />/ <br /> <br />mailing or"service of said notice, and statl,ng that, unless pay- <br /> <br /> <br />ment in' full be made by, the date specified therein; the water of <br /> <br /> <br />eaid,stockholder shall be ehut off. <br /> <br /> <br />Seotion 6--Sale'or Forfeiture--The Board ,of Direotors <br /> <br /> <br />may forfeit:orsell the shares of stock owned,by any stockholder <br /> <br /> <br />who shall beoome delinquent in .the payment of' any assesement or <br /> <br /> <br />'asseesments or of any inetallment or installments thereof, in the <br /> <br /> <br />manner following, to-wit: <br /> <br /> <br />When any stockholder shall become d'eliliquent' i,n the pay- <br /> <br /> <br />mentof any ,assesement or assessments or any installment thereof <br /> <br /> <br />,as defiried ancl,provided"iri SectIon 5 of this Article, the sec- <br /> <br /> <br />retary ehall mail or serve the notioe prmvidedfor in said <br /> <br /> <br />Section 5'of this Artiole, and as, therein nrovided. After suoh <br /> <br /> <br />notioe shall have been given, and the period of not less than <br /> <br /> <br />thirty days prescribed therein shall 'have expired, and at any <br /> <br /> <br />tims thereafter:a wr-i tten notice signed by the secretar,y shall <br /> <br /> <br />be mailed to suoh stockholder at his laet known post office <br /> <br /> <br />address, or shall be delivered to the stockhclder in person, <br /> <br /> <br />which notioe ehall etate the date ~d amount'of suoh delin- <br /> <br />quenoies, shall demand payment, thereof, and shall give notice <br /> <br />, I . . _ . <br />that ~nless payment of suoh assessment or aseessments or in- <br /> <br /> <br />stallments thereof, with interest thereon, shall be made on <br /> <br /> <br />or before a oertain date not leas than thirty days after the <br /> <br /> <br />date of:the sei'vioe or m!l.iling of suoh notioej such stock shall <br /> <br /> <br />be forfeited t6, or sold by the company. ' If payment be not <br /> <br /> <br />made as demanded in said notice on or before the day speoified, <br /> <br />, the '3card of Directors may: <br /> (a) Declare eUd stock forfeited to the oompany, or <br /> (b) Proceed to sell said stock in:manner following: <br />The secretary shall gi ve notice by advertisement in a newspaper <br /> <br />-12- <br />
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