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CLARK COUNTY FISH & GAME CLUB, INC.
Certificates for Shares and Their Transfer and Access Control
|Section 1. Certificates for Shares. |
|Certificates representing shares of the Corporation shall be in such form as shall be determined by the Board of Directors. Such certificates shall be signed by the President and by the Secretary or by such other Officers authorized by law and by the Board of Directors so to do, and sealed with the corporate seal. All stock certificates for a share shall be consecutively numbered or otherwise identified. The name(s) and address of the individual or individuals [two (2) maximum] to whom the stock certificate represented thereby is issued, with the number of the stock certificate and date of issue, shall be entered on the stock transfer books of the Corporation. Whenever two (2) individuals names are represented on a stock certificate, both individuals so listed on said stock certificate shall reside in the same domicile (dwelling place, place of residence, fixed, permanent and principle home for legal purpose). All stock certificates surrendered to the Corporation for transfer shall be destroyed. A new stock certificate shall not be issued until the old stock certificate has been surrendered for destruction or been properly declared as lost or mutilated, in which case, an affidavit signed and dated by the shareholder and a witness thereto stating the whereabouts or condition of the old stock certificate shall be required to obtain a new stock certificate. New stock certificates shall be issued per Article VII Section 2.|
|Section 2. Sale/Transfer of Shares. |
|Sale/Transfer of Shares of the Corporation shall be made only on the stock transfer books of the Corporation by the holder of record thereof or by his legal representative, who shall furnish proper evidence of authority to sell/transfer, or by his attorney thereunto authorized by power of attorney duly executed and filed with the Registrar of the Corporation, and on surrender for destruction of the certificate for such share. The individual or individuals in whose name(s) the stock certificate stands on the books of the Corporation shall be deemed by the Corporation to be the owner(s) thereof for all purposes. |
A Clark County Fish & Game Club, Inc. Share Certificate shall be transferred or sold for the following conditions:
a. the original share owner(s) give(s) the Share Certificate to a relative or friend
b. the original share owner has a name change
c. one of two individuals so listed on said Share Certificate no longer resides in the same domicile
d. a deceased member is listed on said Share Certificate
For conditions “a” through “c”, said share shall be transferred or sold within one year of said event. For condition “d”, said share shall be transferred or sold no later than 30 days after receiving legal authority to transfer or sell said share. If no action is taken for either condition as outlined, the President shall send a letter for Rules Violation to the address of record on the books of the Corporation. If no action is taken in a timely manner after the Rules Violation letter has been sent, the President shall send a Certified Registered letter, which shall outline the required action that must be taken, to the address of record on the books of the Corporation. If the action is not taken, the assigned access key(s) shall be turned off 15 days after the returned receipt is received by the Registrar regardless if the annual dues have been paid and are current.
|Section 3. Stock Transfer Agent. |
|All transfers of shares shall only be made by and through the club Registrar or his designee acting as the Transfer Agent. All dues current or delinquent, and fees shall be paid at the time of transfer. |
|Section 4. Access Control |
|All access Codes and Keys shall only be controlled and issued by and through the club Registrar or his designee.|
Specific Access Controls are as follows:
a. Each share certificate shall be allowed no more than two (2) access keys [one (1) free access key and one (1) purchased access key].
b. A second access key may be purchased, at the current replacement cost, by the shareholder of record.
c. A second access key may be returned for a refund of the current replacement cost by the shareholder of record.
d. Members should contact the Club Registrar regarding any defective or lost access keys.
e. Lost, defective or suspended access keys shall be deactivated.
f. A lost free access key shall be replaced, at the current replacement cost, by the shareholder of record.
g. Defective access keys shall be replaced at no charge to the shareholder of record.
h. Members shall be suspended for one year for first offense of allowing anyone other than immediate family members living in the domicile of record to use any key assigned to the share of record or access codes assigned for the general membership.
i. Whenever a share is sold or transferred, the access key(s) of record for said share shall be surrendered to the new shareholder of record. Should no access key(s) be available for surrender, the seller/transferor of said share shall purchase only one (1) new access key, at the current replacement cost, for the new shareholder of record to be. In the case of a share sold by the Club for nonpayment of dues or any other reason and the free access key of record is not surrendered, the Club shall supply a free access key for the new share being issued.
Copyright © 2001 Clark County Fish & Game Club, Inc. Unauthorized Use is Prohibited.