2020 Bylaw Propositions

2020 Bylaw Propositions

2020 Bylaw Propositions

 

Ballots also include two propositions to amend the cooperative bylaws. The ballot includes a summary of each proposition.

 

    PROPOSITION A: Shall the bylaws of the Cooperative be amended to reduce the percentage of member signatures needed for nominations by petition?

    PROPOSITION B: Shall the bylaws of the Cooperative be amended to change notification requirements of unclaimed monies?

 

The text of each amendment in its entirety follows. Please vote either yes or no for each proposition.

 

BYLAW PROPOSITION A: Shall the bylaws of the Cooperative be amended to reduce the percentage of member signatures needed for nominations by petition?

 

Rationale: In 2020, a member who wishes to be nominated by petition must secure 292 member signatures to qualify for nomination by petition. With this change, the number of signatures needed to qualify in the future would be reduced to a more attainable number. In the 2020 reference listed above, the number would be reduced to 58, (one-tenth of one percent). The Board of Directors supports this proposed bylaw amendment.

 

ARTICLE IV: DIRECTORS

Section 4. Nominations

(b) A minimum of one-half of one percent (.5%) one-tenth of one percent (.1%) of membership, as of December 31 of the previous year, acting together may make other nominations by petition not less than forty-five (45) days prior to the meeting and the Secretary shall post such nominations at the same place where the list of nominations made by the committee is posted.

 

BYLAW PROPOSITION B: Shall the bylaws of the Cooperative be amended to change notification requirements of unclaimed monies?

 

Rationale: Every year, the Cooperative is required to publish a list of each member who has unclaimed money owed. The list contains the member’s name, their previous physical address and type of unclaimed money that is owed them in a newspaper in the county in which the member last received service from the Cooperative, twice within a thirty-day period. This requires the information to be posted in detail using a number of full pages in each newspaper, resulting in a significant cost every year. This bylaw amendment would allow the Cooperative to post only a notice in each county newspaper and direct the member to where to find the detailed information. Other publishing methods, such as the Cooperative’s website or other electronic means, will be used to notify the membership of the names and type of unclaimed money, saving time and expense. The Board of Directors supports this proposed bylaw amendment.

 

ARTICLE VII: NON-PROFIT OPERATION

Section 3. Unclaimed Monies

Upon expiration of at least two (2) years after availability of such monies, the Cooperative shall give at least sixty (60) days notification by publishing at least two (2) notices within a thirty (30) day period in a newspaper of general circulation in the county in which the member last received service from the Cooperative, or by other means reasonably calculated to have equal effect. Such notice shall contain reference to a website and/or physical address at which information regarding such monies may be found including the owner's name, and type of owner's interest and that if not duly claimed within sixty (60) days of said notices, the same shall be deemed assigned and donated to the Cooperative.