July 2015 by the cooperative; or


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 a business primarily engaged in selling electrical appliances, fixtures or supplies to the members of the cooperative; or


C. Has been an employee of the cooperative for the most recent three years.


D. Is a close relative of an employee of the Cooperative. For purposes of this section, close relative includes


grandparents, parents, husband, wife, children, grandchildren, brothers and sisters by blood, in-law or by adoption;


E. Has been convicted of a felony or any crime involving moral turpitude within the last fifteen (15) years;


F. A Trustee must attend at least seventy-five percent (75%) of the Cooperative regular board meetings and must not miss three consecutive regular board meetings, unless excused by a 2/3rds approval of the Board.


G. To remain a Trustee an individual must complete NRECA’s trustee certified credentialed courses or equivalent courses within five (5) years.


H. A Trustee must, at all times that they serve as Trustee, have the legal capacity and competency to enter into binding contracts.


II. Upon establishment of the fact that a trustee is holding office in violation of any of the foregoing provisions, it shall immediately become incumbent upon the board of trustees to remove such trustee from office.


III. Nothing contained in this section shall effect affect in any manner whatsoever the validity of any action taken at any meeting of the board of trustees.


Section 3 of Article V Notice of Trustee’s Meetings I. Written notice of the time, place, and purpose of any special meeting of the board of trustees shall be delivered not less than five days previous thereto, either personally or by mail or electronic media, by or at the direction of the secretary, or upon a default in duty by the secretary, by the president or the trustee calling the meeting, to each trustee. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail addressed to the trustee at his address as it appears on the records of the cooperative with postage thereon prepaid.


Section 6 of Article VI Secretary/Treasurer Defines duties of “The Secretary/Treasurer (or person(s) designated by the Board of Trustees)”


Section 4 of Article XI Changes in Rates I. Written notice shall be given to the administrator of the Rural


Electric Administration Rural Utilities Service of the United States of America not less than 90 days prior to the date upon which any proposed change in rates charged by the cooperative for electric energy becomes effective.


Section 4 of Article XII Changes in Rates I. The board of trustees shall maintain a complete accounting system which among other things, subject to applicable laws and rules and regulations of any regulatory body, shall conform to such accounting system as may from time to time be designated by the administrator of the Rural Electric Administration Rural Utilities Service of the United States of America.


Article XIII Amendments Section 1 of Article XIII


Change provides for addition of the following filing form for vacancy on the SWRE Board of Trustees:


SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC. Tipton, Oklahoma


____________, 20___


I, __________________, of _____________ _____________, hereby make written declaration of my candidacy for the office of Trustee for District ___ of Southwest Rural Electric Association, Inc., to stand for election at the District Meeting to be held on_____________, 20___.


I certify that I am a member in good standing of the Cooperative and a bona fide resident of the District of an area served by the Cooperative. I further certify that I meet the requirements to serve as Trustee according to the attached Section 4 Article IV of the Bylaws of Southwest Rural Electric Association, Inc.


Candidate (Signature) ________________________ Witness (Signature): _____________________


Secretary (Signature)_____________________ Southwest Rural Electric Association, Inc Note: Any changes that are approved will take effect January 1, 2016.


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