Guam § 3205 - Notice of Delinquency and Sale. Form of.

§ 3205. Notice of Delinquency and Sale. Form of.

f the whole or any part of the subscription on unpaid capital stock with

interest accrued is unpaid on the date of delinquency, such unpaid stock

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becomes subject to sale, and the secretary or clerk, unless otherwise ordered

by the board of directors, must give notice of delinquency and sale substan-

tially in the following form.

(Here insert name of the corporation in full and location of principal office.)

NOTICE

The following described stock is delinquent for nonpayment

of the unpaid subscription thereon, with interest accrued, due and

payable on the ____ (date) ____, in the amounts set opposite the

names of the respective shareholders, as follows: _______ (insert

names, number of each certificate unpaid, number of shares,

amount due on unpaid subscription, date from which interest is

accrued) ___________________,

Now, therefore, in accordance with law, so many shares of said

stock belonging to the several owners as may be necessary will be

sold at _____ (principal office of the corporation) _____ on the

_____(date)_____ at _____ (hour) _____________. of said day,

to pay the amount of the unpaid subscription thereon, together

with interest, cost of advertising, and expenses of sale.

______________________

secretary or clerk

______________________

location of office