Membership Bylaws - Article V
Meetings of Directors
SECTION 5.1 Regular Meetings.
A regular meeting of the Board of Directors shall be
held without notice, immediately after, and at the same place as, the annual meeting
of the members. A regular meeting of the Board of Directors shall also be held monthly
at such time and place in Webster County, Missouri, as the Board of Directors may
provide by resolution.Such regular monthly meetings may be held without notice other
than such resolution fixing the time and place thereof.
SECTION 5.2
Special Meetings.
Special meetings of the Board of Directors may be called
by the President or by any three directors, and it shall thereupon be the duty of
the Secretary to cause notice of such meeting to be given as hereinafter provided.The
President or the directors calling the meeting shall fix the time and place (which
shall be in Webster County, Missouri), for the holding of the meeting.
SECTION 5.3
Notice of Director's Meetings.
Written notice of the time,
place and purpose of any special meeting of the Board of Directors shall be delivered
to each director not less than five days previous thereto, either personally or
by mail, by or at the direction of the Secretary, or upon a default in duty by the
Secretary, by the President or the directors calling the meeting.If mailed, such
notice shall be deemed to be delivered when deposited in the United States mail
addressed to the director at his address as it appears on the records of the Cooperative,
with postage thereon prepaid.
SECTION 5.4 Quorum.
A
majority of the Board of Directors shall constitute a quorum, provided, that if
less than such majority of the directors is present at said meeting, a majority
of the directors present may adjourn the meeting from time to time; and provided
further, that the Secretary shall notify any absent directors of the time and place
of such adjourned meeting. The act of the majority of the directors
present at a meeting at which a quorum is present shall be the act of the Board
of Directors.