Home » About Us » Bylaws

Bylaws

The object of Morgan County Rural Electric Association is to make electric energy available to the members of the cooperative at the lowest possible cost consistent with sound economic and business practices.

Cooperative Bylaws With Amendments to May 20, 2002

• Article I—Members
  • Section 1: Qualifications and Obligations
  • Section 2: Membership Fee
  • Section 3: Joint Membership
  • Section 4: Conversion of Membership
  • Section 5: Termination of Membership
• Article II—Rights and Liabilities of Members
  • Section 1: Property Interest of Members
  • Section 2: Non-Liability for Debts of Cooperative
• Article III—Meetings of Members
  • Section 1: Annual Meeting
  • Section 2: Special Meetings
  • Section 3: Notice of Members’ Meetings
  • Section 4: Quorum
  • Section 5: Voting
  • Section 6: Credentials and Election Committee
• Article IV—Directors
  • Section 1: General Powers
  • Section 2: Election by Districts
  • Section 3: Qualification and Tenure
  • Section 4: Nomination of Directors
  • Section 5: Vacancies
  • Section 6: Compensation
  • Section 7: Accounting System and Reports
  • Section 8: Removal of Directors
  • Section 9: Limitation of Liability
• Article V—Meetings of Directors
  • Section 1: Regular Meetings
  • Section 2: Special Meetings
  • Section 3: Notice
  • Section 4: Quorum
• Article VI—Officers
  • Section 1: Number
  • Section 2: Election and Term of Office
  • Section 3: Removal
  • Section 4: Vacancies
  • Section 5: President
  • Section 6: Vice President
  • Section 7: Secretary
  • Section 8: Treasurer
  • Section 9: Manager
  • Section 10: Bonds of Officers
  • Section 11: Compensation
  • Section 12: Reports
• Article VII—Contracts, Checks, and Deposits
  • Section 1: Contracts
  • Section 2: Checks, Drafts, Etc.
  • Section 3: Deposits
• Article VIII—Membership Certificates
  • Section 1: Certificates of Membership
  • Section 2: Issue of Membership Certificates
  • Section 3: Lost Certificate
• Article IX—Revenues and Receipts
  • Section 1: Interest or Dividends on Capital Prohibited
  • Section 2: Patronage Capital
• Article X—Waiver of Notice
• Article XI—Disposition of Property
• Article XII—Seal
• Article XIII—Amendments