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and if any arbitrator shall neglect or refuse to appear <br /> at a meeting appointed by the arbitrators, a majority <br /> may act in the absence of such arbitrator . <br /> After acceptance of the offer, or the report of <br /> the arbitrators as to the value of the stock, the directors <br /> shall have thirty days within which to purchase the same <br /> at such valuation, but if at the . expiration of the thirty <br /> days, the corporation shall not have exercised the right <br /> so top urchase, the owner of the stock shall be at liberty <br /> t. <br /> he may see i <br /> dispose of the same in an y f ' <br /> to p Y manner <br /> No shares of stock shall be sold or transferred on <br /> the books of the corporation until these provisions have <br /> been complied with, but the Board of Directors may in <br /> any particular instance waive the requirement. <br /> Nothing herein contained shall prevent any holder <br /> from disposing of his capital; stock of this corporation <br /> by will, or his legal representatives, upon his decease, <br /> from continuing to hold such capital stock to his <br /> dp <br /> heirs, <br /> but the capital shall be held by his legal <br /> representatives, heirs, legatees , except as herein <br /> provided, subject to these conditions and provisions . <br />