RMEC Annual Meeting Information
Summary of the bylaws of Rich Mountain Electric Cooperative, Inc. pertaining to membership, annual meetings, board representation, nominations and election procedures for electing directors, Copies of the cooperative’s bylaws available at the cooperative’s headquarters in Mena, Arkansas.
Article 1- Membership
Section 1. Any person, firm, association, corporation, or body politic or subdivision thereof may become a member of the cooperative by (a) making a written application; (b) agreeing to purchase electric energy from the cooperative; (c) agreeing to comply with and be bound by the articles of incorporation and bylaws of the cooperative, and any rules and regulations adopted by the board of directors; and (d) paying a membership fee.
Section 2. Membership in the cooperative shall be evidenced by a membership certificate in such form and containing such provisions as shall be determined by the board of directors.
Section 3. A husband and wife may apply for joint membership.
Article II- Rights and Liabilities of Members
Section 2. Members are exempt from liability for the debts of the cooperative.
Article III- Meeting of Members
Section 1. The annual meeting of the members shall be held each year at such time and place as shall be designated in the notice of the meeting, for the purpose of electing directors, passing on reports for the previous fiscal year, and transacting other business.
Section 3. Written notice of meetings of members stating the place, day and hour of the meeting shall be delivered not less than 10 days or more than 30 days before the date of the meeting.
Section 4. Five per centum (5%) of the total membership shall constitute a quorum. Absent members who have submitted ballots to express votes shall be considered present.
Section 5. Each member shall be entitled to only (1) vote upon each matter submitted to a vote of the members. All questions shall be decided by a majority vote of members voting thereon, except as otherwise provided by law, the articles of incorporation, or the cooperative’s bylaws. All matters which are necessary to be voted on shall be voted on by mail.
Article IV- Directors
Section 1. The business and affairs of the cooperative shall be managed by a board of nine (9) directors.
Section 2. Each Board member to be elected by mail balloting prior to the 2017 annual meeting will represent the following district for the following term; District No. 1: 9 years.
Section 3. No person shall be eligible to become or remain a director of the cooperative who (a) is not a member and full time resident in the area served by the cooperative and is not taking electric service from the cooperative in the district he represents; (b) is in any way employed by or financially interested in a competing enterprise or a business selling electric energy or supplies to the cooperative; or (c) is the incumbent of or candidate for an elective public office for which a salary or compensation in excess of $100 per annum is paid.
Section 4. The board of directors shall appoint, not less than sixty (60) days nor more than one hundred twenty (120) days before the date of the meeting of the members at which directors are to be elected, a committee on nominations of not less than five (5) nor more than eleven (11) members, selected from different sections so as to insure equitable representation. The committee shall prepare and post at the principal office of the cooperative at least forty-five (45) days before the meeting a list of nominations for directors, which shall include at least one (1) candidate for each position to be voted upon. Any thirty (30) or more members of a designated district may make other nominations by petition for their district only, and the Secretary shall post such nominations at the same place where the list of nominations made by the committee is posted. Nominations by petition, if any, shall be received in the headquarters office in more than sixty (60) days before the date of the meeting. The secretary shall mail with the notice of the meeting a statement of the number of directors to be elected and the names and addresses of the candidates, specifying separately the nominations made by the committee on nominations and also the nominations made by petition, if any.
Section 5. For the purpose of board representation, the territory of the cooperative is divided into nine (9) districts, each represented by one (1) director.
Section 6. The election of directors shall be by mail ballot and only those nominees selected by the nominating committee or by petition shall be on the ballot and there shall be no nominations from the floor.