palmer .alaska
Dorothy M, Boll, Editor
Publishod cvory v/eck at palmer, Alaska, for tho Matanuska Valloy Fr.rmors' Cooperating
Association for the purposc-of giving nows of the Associations Pork, Froblems and
Accomplishments as roll as ners of general interest to tho Valley,
SLIBSCCRTPTION RATE jl.75 Singlo copy 10?
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T/1I0 I'AY HE A DIRECTOR OF THE MATANUSKA VALLEY FARILRS*
1 • COOPERATERING ASSOCIATION?
Before the members of tho Hat nuska Valley F-rmers’ Cooperating Association go to
the meeting tb elect nor Board members on February 10,1947, it would be well to re
view: some of tho By-laws governing that olcction. For your convenience—in case you
haven’t'a copy or cannot find yours, Article VIII directors end Officers, is herewith
nrinted.
Section.!. Humber The Board of Directors of this Association shall consist of seven
(7) members, but may be increased to nine (9) by amendment hereof.
Section 8. Q.UAI I FI OATIONS ■ Only oersons who are paid up stockholders and who arc also
members of tho Association who have signed the Members’ Marketing Agreement and other
contracts required by the Association and whose membership is not under suspension
for any clause, arc eliglblo for election to the Board of Directors. No member of the
Board of Directors shall be engaged in buying or soiling on his own account in a
eoimetitive way with the Association anything handled by the Association, and no
Director, during the term of his office may personally-be a warty to a contract for
profit with the Association differing in any form from tho business relationship ac
corded regular members or holders of common stock of the'Association.
Section S, ELECTION The members of the first elected Board of Directors shall bo
.elected r.t the first annual meeting of the members of the Association and members
elected to th~. Board thereafter shall be elected at each annual mooting of the members.
Section 4. TERM OF OFFICE Of the first elected Board of Directors tho three nominees
receiving higher votes than "any* other'nominees besides themselves in the eloction
shall servo a term of'three (3) years, the three nominees of the remaining nominees
shall servo a terra of tv/o (2) years, rnd tho nominee who receives tho highest vote
of any of the nominees still remaining shall serve a tcim of ono (1) year, and there
after each Director who is elected shall bo elected for three years, except those
who shall be oloctcd to fill vacancies, provided that should this 6odo of By-Laws be
amended to incrcaso the number of directors, torms of different longths mey bo as
signed the new irrmbers accordingly.
S~ction 5. ELECTION OF OFFICERS The Board of Directors shall meet within ten ( 10
days after each annual meeting of'tho Association and shall cloct. by ballot a presi
dent, ono or more vico-presidents, secret-ry and treasurer or a secretary-treasurer.
In case more than one Vice-president is elected, they should be designated by number
as first vice-president, second vico-prcsidont, etc., and shall have priority accord
ingly in serving in tho absence or disability of the president. The secretary need
not be a member of the Board of Directors. Each officer”shall hold office until the
election and qualification of his successor..as provided for at the beginning of this
Section, unless earlier removed by death, resignation or for cause. Tho Incorporate,
ing Bo'rd of Directors shall elect s'id officers a.t their first mooting after incor
poration.
Section.6. VACANCIES. Whenever a e-vacancy occurs in the Board of Directors, other
than from the cipi’ra.tion of a torm of office or removal fof cause by tho members of
the Association, the remaining directors, by majority vote, shall fill the vacancy.
Section. 7 BOARD MEETINGS The Bo'-.rd qf Directors shall meet, in regular meeting
quarterly in addition to the .annual meeting, at the time and placo designated by the
Board. A special meeting of the Board of Directors shall be hold whonever called by
the Tresident or by a majority of tho directors. Any and all- business may be trance*
acted at a special meeting. The annual mooting of'the Board shall bo on the 15th
day of January or if this f-.lls on a legal holiday, .on tho next business day previous.
Section S. NOTICE OF BOARD MEETINGS. Notice of tho annual, regular or special meet
ings of the directors shall be mailed, or otherwise delivered, to each director at
least three (3) days prior to the time of such meeting, by tho sodrotary. Attendance
at sny mooting of the directors shall constitute waiver Of notice.
Section 9. COMPENSATION Directors, as such, shall not receive ary salary for their
services. This provision shall not bo construed to preclude any director from serv
ing the Association in any other capacity and receiving compensation therefor, or
from roceiving repayment for expenses'neeossarily incurred by him in authorised
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