STOCK CERTIFICATE NOTE
The Bellflower-Somerset Mutual Water Company is a non-profit Corporation composed of the owners of record of real property in the area served by the Company. To be entitled to receive water suck owners of record must own in his or her name a share of the capital stock of the company which share's is appurtenant to the land of such owner and cannot be transferred separate from said land. Such ownership is evidenced by a stock certificate issued by the Company. There is no monetary value in the stock.
All property owners selling of transferring property must notify the Company to complete the necessary stock transfer for the new owner to become eligible as a stockholder under Section 330.24 of the Civil Code of the State Of California. If you have sold your property and have not called us, please call (562)866-9980 and get the stock transfer taken care of.
All stockholders are reminded to file or attach their Bellflower-Somerset Stock Certificate to their title of property. This is to remind your escrow agent handling a sale or transfer of property to contact Bellflower-Somerset Mutual Water Company for transfer of stock, keeping the owner eligible to receive water.
NEW STOCKHOLDERS
Stock transfer requirements: 1. Copy of Grand Deed. 2. Name of New Owner. 3. Service Address. 4. Mailing Address. 5. $40.00 Fee.