Section 39
SEC. 39. If 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 becomes subject to sale, and the secretary or clerk, unless otherwise ordered by the board of directors, must give notice of delinquency and sale substantially 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 (Here insert date.) .............................., in the amounts set opposite the names of the respective shareholders, as follows: (Here 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 (Here insert principal office of the corporation.).......................... on the (Here insert date.)............................... at (Here insert hour.) ....................................... of said day, to pay the amount of the unpaid subscription thereon, together with interest, costs of advertising, and expenses of sale. …................................................................... (Here insert signature of secretary or clerk …................................................................... and location of office.)