Annually, on January 1st, an assessment is levied on each share of stock. The current assessment is $22.00 per share. The assessment is billed on your bi-monthly billing statement at $3.67 per share.
An annual assessment is levied on each share of water stock. This assessment is required in order to maintain the assets of the WHWC Corporation. If the assessment and all outstanding bills are not paid by the 1st of August, the water stock becomes delinquent and will be forfeited to the Corporation and the property loses its right to water service. New water stock must then be purchased to restore water service to the property.
At the present time, water stock may be purchased from the Company for $983.33, plus an additional $100.00 share transfer fee.