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-14- <br /> _.) of shares of water, either personally or by certifed mail, pro- <br /> perly addressed to the said Stockholder or Shareholder at his <br /> address as shown on the books of the company. The Secretary <br /> shall again give the same notice to any person by him known to <br /> be interested in said shares of stock. <br /> Section 3. If sale of the stock or shares of water <br /> shall be necessary by reason of the failure of the holder or <br /> owner to pay said assessment in accordance with the preceeding <br /> . sections, Secretary shall at once proceed to advertise all or <br /> part of said stock for sale. Such advertisement shall be pub- <br /> lished three (3) times, each publication to be one week apart <br /> and shall be made in a newspaper of general circulation in the <br /> County of La Plata, State of Colorado. The notice shall state <br /> the name of the party owning the stock or share of water as <br /> shown upon the books of the company, the name of any other per- <br /> son known to be interested therein, the number of shares of <br /> stock to be sold, the time and hour at which sale will take place, <br /> the place where the sale will be held, and the amount which is <br /> due the company on the account of said assessment, interest and <br /> costs. The Secretary may publish in one (1) notice the names of <br /> all delinquent owners and the fact of the sale of the shares of <br /> stock or share of water owned by each. <br /> Section 4. In addition to publication the Secretary <br /> shall mail a copy of such notice to the owner of said stock or <br /> person interested therein at the address given on the stock book. <br /> Section 5. On the day set for sale the Secretary shall <br /> sell said stock to the highest and best bidder in cash and issue <br /> to the purchaser or purchasers at said sale a new certificate <br /> or certificates of stock for the shares so sold or shall cause <br /> to be transferred the shares of water held by the delinquent <br /> owner, and out of the proceeds of such sale shall pay the amount <br /> due on the stock or shares of water on account of such assess- <br /> ment together with interests and costs of sale and remit to the <br />