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Collection: Original Records > Articles of Incorporation

High Country Professional Services, Inc (AI-H086)(1974) (10 pages)

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SIXTH: Before there can be a valid sale or transfer of any other shares of this corporation by the holders thereof, the holder of the shares to be sold or transferred shall first give notice in writing to the secretary of this corporation of his intention to sell or transfer such shares. Said notice shall specify the number of shares to be sold or transferred, the price per share, and the terms upon which such holder intends to make such a sale or transfer. The secretary shall, within five (5) days thereafter, mail or deliver a copy of said notice to each of the shareholders of record of this corporation. Such notice may be delivered to such shareholders personally or may be mailed to the last known address of such shareholders, as the same may appear on the books of this corporation. Within ten (10) days after the mailing or delivering of said notices to such shareholders any such shareholder or shareholders desiring to acquire any part or all of the shares referred to in said notice shall deliver by mail or otherwise to the secretary of this corporation a written offer or offers to purchase a specified number or numbers ‘of such shares at the price and upon the terms stated in said notice. If the total number of shares specified in such offer or offers exceeds the number of shares referred to in said notice, such offering shareholder shall be entitled to purchase such proportion of the shares referred to in said notice from the secretary as the number of shares of this corporation which he holds bears to the total number of shares held by all such shareholders desiring to purchase the shares referred to in said notice from the secretary. If all of the shares referred to in said notice to the secretary are not disposed of under such apportionment each shareholder desiring to purchase shares in a number in excess of his proportionate share, as provided above, shall be entitled to purchase such proportion of those shares which remains.