AUCTION
PROCESS FOR DELINQUENT SHARES –
4 SHARES
ARE AVAILABLE FOR BID WITH MINIMUM BID OF $ 1428.96 (ALL 4 SHARES)
UNABLE TO
AUCTION SHARES VIA ZOOM. ALL BIDS WILL BE SUBMITTED TO THE OFFICE IN A SEALED
ENVELOPE. OUTSIDE OF THE ENVELOPE MUST BE IDENTIFIED AS A BID, PLEASE WRITE
“BID ENCLOSED” ON THE OUTSIDE OF THE ENVELOPE TO ENSURE IT WILL NOT BE
OPENED…ON THE INSIDE OF THE ENVELOPE; ENCLOSE THE FOLLOWING INFORMATION - WRITE YOUR NAME AND CONTACT NUMBER AND YOUR
BID AMOUNT $ THAT YOU ARE SUBMITTING. YOU WILL BE BIDDING ON FOUR SHARES. REMEMBER THE 4 SHARES ARE BEING SOLD AS A LOT
OF 4, NOT SEPARATELY. THE MINIMUM BID IS $1428.96.
KEEP IN
MIND THAT NO SHARES MAY BE TRANSFERRED TO RESTRICTED LINES. THOSE LINES ARE
UPPER DITCH, LINE 2, LINE 9, LINE 6 A and 6 B.
ALL BID
ENVELOPES SHOULD BE SUBMITTED IN THE DOOR SLOT AT THE BEAVER PARK WATER OFFICE
BY 3/9/21. BIDS WILL BE OPENED AT THE MARCH
MONTHLY BOARD OF DIRECTORS MEETING AND THE HIGHEST BIDDER WILL BE NOTIFIED BY
PHONE OR MAIL. ARRANGEMENTS FOR PAYMENT AND THE TRANSFER OF SHARES WILL MADE
WITH THE OFFICE ADMINISTRATOR AND A NEW CERTIFICATE WILL BE ISSUED.