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A SUPPLEMENT TO OKLAHOMA LIVING


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LIVEWIRE AUGUST 2012 | VOLUME 63 ISSUE 8 | P UBL ISHED FOR MEMBERS OF TR I-COUNTY ELECTRIC COOPERAT IV E


nnual meetings of the members for electric cooperatives usually mean a free meal and gift for attendees. Some lucky members at Tri-County Electric’s meetings win valuable door prizes like televisions or tools and one fortunate member in attendance wins a $500 grand prize. The cooperative offers these perks in hopes of drawing a crowd for the real purpose of the meeting: conducting business. If a quorum of the membership does not attend, then business cannot be conducted. A quorum is especially important at this year’s meeting. This year, the nine-member Tri-County Electric Board of Trustees is


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proposing changes to the Bylaws. Before the changes can be finalized, a quorum of the membership must vote in person at the annual meeting to approve them. Therefore, attendance is essential for all Tri-County Electric members at this year’s meeting on Thursday, Sept. 20. The trustees propose changes in four categories. First, they propose to change the name of the cooperative to No Man’s Land Electric Cooperative. This new identity will distinguish the cooperative from its peers – there will be no other No Man’s Land Electric Cooperative. Currently, 13 other Tri-County Electric Cooperatives are in existence. Members frequently contact or even pay the wrong cooperative. A new identity will eliminate this confusion and more truly reflect our cooperative’s area and roots. In the past, costs for changing out materials with the cooperative’s


Trustees Propose Bylaw Changes BYLAW AMENDMENTS


By Zac Perkins, Corporate Services Vice President


NAME CHANGE Change ‘Tri-County Electric Cooperative’ to ‘No Man’s Land Electric Cooperative’ in all instances.


CAPITAL CREDITS Insert the following statement in the capital credits section and anywhere else capital credits are discussed: ‘Such crediting of excess capital (i.e., patronage capital) does not embody a settlement obligation on the part of the Cooperative.’


VACANT BOARD POSITION Insert an option for the Board of Trustees to vote to fill a vacancy by special election or by appointment. Currently, a vacancy is filled by appointment only.


brand were an important consideration for members. The cooperative intends to minimize costs of the change by only replacing materials as their normal life cycle would require. Signage, apparel and other branded items will retain the original logo until they would normally be replaced. The second change the trustees propose regarding capital credits brings the cooperative in line with the Financial Accounting


GENERAL CLEANUP FOR CONSISTENCY Change the phrase ‘Terms and Conditions’ to ‘Rules and Regulations’ throughout and other minor changes for clarity.


Standards Board Statement 150. Currently, if the cooperative retires capital credits to estates, it would be in violation of this federal rule. Changing the capital credits language slightly will allow the cooperative to retire capital credits to estates in the future. The trustees value the opinion of the members, believing in the universal cooperative principle of Democratic Member Control.


That’s why they’re proposing an option to hold a special election to fill the remaining term if a vacancy opens on the Board of Trustees. Currently, a vacancy is filled by a majority vote of the remaining trustees. This will remain an option under the proposed changes but the trustees will be able to vote to hold a special election to fill the vacancy as well. Finally, the trustees recommend some general changes for consistency in the Bylaws. The main change is the use of the term


Rules and Regulations of Service rather than Terms and Conditions of Service. Both refer to the same document governing the member’s service with the cooperative. The Board of Trustees recommends members vote ‘yes’ to the proposed amendments at the annual meeting on Thursday, Sept. 20, at the Texas County Activity Center, 5th and Sunset, Guymon, Okla. Registration begins at 5:30 p.m.


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