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Mar 1, 2022

OFFICIAL NOTICE: ANNUAL MEMBERSHIP MEETING SET

OFFICIAL NOTICE: ANNUAL MEMBERSHIP MEETING SET

Notice is hereby given that the Annual Membership Meeting of Petit Jean Electric Cooperative Corporation will be held on Thursday, May 26, 2022, at the Cooperative headquarters in Clinton, Van Buren County, Arkansas, beginning at 6:00 p.m., for the following purposes: 

1. To pass on reports for the previous fiscal year;
2. To elect two directors for the cooperative, to serve a term of five (5) years;
3. To transact such other business as may properly come before the meeting.

Fred Herman Secretary-Treasurer

Summary of the Bylaws of Petit Jean Electric Cooperative Corporation

Pertaining to membership, annual meetings, board representation,and nomination and election procedures for electing directors, the following is a summary of a portion of the Bylaws of Petit Jean Electric Cooperative.

Copies of the official Bylaws are available at the Cooperative’s business offices.

ARTICLE I – MEMBERSHIP
Section 1. Any person, firm, association, corporation, or body politic may become a member of the Cooperative by: (a) making a written application for membership; (b) agreeing to purchase electric energy from the Cooperative; (c) agreeing to comply with and be bound by the Articles of Incorporation, Bylaws, and Rules and Regulations of the Cooperatives; and (d) paying a $20.00 membership fee.
Section 2. Membership in the Cooperative may be evidenced by a membership certificate.
Section 3. A husband and wife may apply for a joint membership. Section 7. (c) Upon the death of either spouse of a joint membership, such membership shall be held solely by the survivor, in the manner and to the same effect as though such membership had never been joint.

ARTICLE II
RIGHTS AND LIABILITIES OF MEMBERS
Section 2. Members are exempt from liability for the debts of the Cooperative.
ARTICLE III – MEETINGS OF MEMBERS
Section 1. An annual meeting of the members shall be held each year in a location reasonably central to the majority of the total membership at such time and place as determined by the board of directors and designated in the notice of the meeting for the purpose of electing directors, passing upon reports for the previous fiscal year and transacting other business.
Section 3. Written notices of meetings of members stating the place, day and hour of the meeting shall be delivered not less than 10 days nor more than 30 days before the date of the meeting.
Section 4. Five percent of the members shall constitute a quorum for the transaction of business at meetings of members. Members voting by mail shall be counted present in determining a quorum.
Section 5. Each member shall be entitled to one vote only on each matter submitted to a vote at meetings of members.
Section 6. (a) Any member who is absent from a meeting of the members may vote by mail on all matters submitted at such meetings, including the election of directors.

ARTICLE IV – DIRECTORS
Section 1. The business and affairs of the Cooperative shall be managed by a board of nine (9) directors.

Section 2. At each annual meeting, a number of directors whose term shall have expired shall be elected by secret ballot by and from the members to serve for a period of five (5) years or until their successors shall have been elected and shall have qualified. Directors may be elected by plurality vote of the members.

Section 3. To become or remain a director, a person must comply with or meet the following qualifications:

(a) be an individual;
(b) have the capacity to enter legally binding contracts;
(c) be a member in good standing of the Cooperative;
(d) be a bona fide, permanent and full-time resident in the particular district which he is to represent;
(e) not be a current employee, or a former employee of the Cooperative within five years of termination of his/her employment or the spouse, parent or child of such employee;
(f) not be a close relative of an incumbent director or of a current employee of the Cooperative;
(g) not have plead guilty to, or been convicted of a felony.

Section 5. The board of directors shall appoint, not less than 60 days nor more than 90 days before the date of a meeting of members at which directors are to be elected, a committee on nominations of not less than 5 or more than 11 members of the Cooperative, selected from different sections of the service area so as to insure equitable representation. No members of the board of directors may serve on such committee.

The committee shall prepare and post at the principal office of the Cooperative at least 45 days before the meeting, a list of nominations in writing, over their signatures.

The Nominating committee is scheduled to meet March 24, 2022. Any one hundred (100) or more members from a designated district may make other nominations, for their district only, by petition not less than 30 days nor more than 60 days prior to the meeting, and such nominations will be posted at the same place where the list of nominations made by the committee is posted. The Secretary shall mail with the notice of the meeting or separately, but at least 10 days before the date 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. No nominations shall be permitted from the floor at the meeting. There are two director positions to be filled at the 2022 Annual Meeting – District 2, Position 2, which is held by Darrell Allen, from Clinton and District 3, Position 1, will be for the unexpired term of the vacated position, which is 4 years.

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