Article XV – Miscellaneous

Section 1. Membership in Other Organizations. The Cooperative shall not become a Member of or purchase stock in any other organization without an affirmative vote of the Board at a duly held Board Meeting, the notice of which shall specify that action is to be taken upon such proposed membership or purchase.

Section 2. Waiver of Notice. Any Member or Director may waive in writing any notice of a meeting required under these By-Laws. The attendance of a Member or Director at any meeting shall constitute a waiver of notice of such meeting by such Member or Director, except in case a Member or Director shall attend a meeting for the express purpose of objecting to the transaction of any business on the ground that the respective meeting has not been duly called or convened.

Section 3. Rules and Regulations. The Board shall have power to make and adopt such rules and regulations (provided they are not inconsistent with law, the Articles, or these By-Laws) as it may deem advisable for the management of the business and affairs of the Cooperative.

Section 4. Accounting System and Reports. The Board shall
cause to be established and maintained a complete accounting system which, among other things, and 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 Rural Utility Service of the United States Department of Agriculture, or its successor entity. The Board shall also after the close of each fiscal year cause to be made a full and complete report of the accounts, books, and financial condition of the Cooperative as of the end of such fiscal year. The Board shall submit such financial reports to the Members at the next following membership meeting.