Associated File Documents:
ByLaws Document Listing
ARTICLE VII
WAIVER OF NOTICE
Any member, officer or director may waive, in writing, any notice of meetings required to be given by these bylaws.
ARTICLE VIII
ROBERT’S RULES OF ORDERS
All district meetings, meeting of the Cooperative, and meetings of the board may be subject to the latest edition of Robert’s Rules of Order.
ARTICLE IX
CONTRACTS, CHECKS & DEPOSITS
Section 1. Contracts. Except as otherwise provided in these bylaws, the board may authorize any officer or agent to enter any contract or executive and deliver any instrument in the name and on behalf of the Cooperative, and such authority may be general or confined to specific instances.
Section 2. Checks, Drafts, Etc. All checks, drafts or other orders for the payment of money, and all notes, bonds or other evidences of indebtedness issued in the name of the Cooperative shall be signed or countersigned by such officer or agent of the Cooperative and in such manner as shall from time to time be determined by resolution of the board.
Section 3. Deposits and Investments. All funds of the Cooperative shall be deposited or invested, except for authorized petty cash funds, from time to time to the credit of the Cooperative in such financial institutions or secure investments as approved by the board.
ARTICLE X
MEMBERSHIP CERTIFICATE
Section 1. Certificates of Membership. Membership in the Cooperative shall be evidenced by a certificate of membership which shall be in such form and shall contain such provisions as shall be determined by the board not contrary to or inconsistent with the articles of incorporation or bylaws of this Cooperative or state or federal law. The President’s and Secretary’s signature shall appear on such certificates and the corporate seal shall be affixed thereto.
Section 2. Issue of Membership Certificates. No membership certificate shall be issued without full compliance with Article 1, Section 1 of these Bylaws.
Section 3. Lost Certificate. In case of a lost, destroyed, or mutilated certificate, a new certificate may be issued therefore upon such terms and such indemnity to the Cooperative as the board may prescribe.
ARTICLE XI
INDEMNIFICATION
Section 1. Indemnification. The Cooperative shall indemnify directors, officers, agents and employees against liability to the extent that their acts or omissions constituting the grounds for the alleged liability were performed in their official capacity and, if actionable, were based upon good faith business judgments and the belief that the acts or omissions were in the best interests of the Cooperative. The Cooperative may purchase insurance to cover such indemnification.