ABSTRACT

The executors or administrators of a deceased shareholder shall be the only persons recognized by the company as having any title to his share. Any person becoming entitled to share in consequence of the death, bankruptcy, or insolvency of any shareholder, or in consequence of the marriage of any female shareholder, or in any way other than by transfer, may be registered as a shareholder upon such evidence being produced as may from time to time be required by company. If any shareholder fails to pay any call due on appointed day, the company may, at any time thereafter, during such time as the call remains unpaid, serve a notice on him, requiring him to pay such call, together with any Interest that may have accrued by such nonpayment. Every shareholder shall have one vote for every share up to ten; he shall have an additional vote for every five shares beyond the first ten shares up to one hundred.