Section 1 - Policies, Rules, & Regulations
The Board of Directors shall have power to make, adopt, and enforce such policies, rules, and regulations, not inconsistent with law, the Articles of Incorporation of the Cooperative, or these Bylaws, as it may deem advisable for the management, administration, and regulation of the business and affairs of the Cooperative. The policies, rules, and regulations so adopted shall be binding in all respects upon each member or applicant for membership. They are a part of every contract for service made by the Cooperative, unless modified by special terms written therein, and govern all classes of service. Copies of all rates, rules and regulations, and bylaws are on file in the Cooperative’s office and are open to inspection by members. These rates, rules, regulations, and Bylaws may be revised, amended, supplemented, or otherwise changed from time to time by action of the Board of Directors. All such revisions, amendments, supplements, or changes shall be binding upon all members or applicants for membership from and after their adoption by the Board of Directors.
Section 2 - Accounting System & Reports
The Board of Directors shall cause to be established and maintained a complete accounting system. The Board of Directors shall also after the close of each fiscal year cause to be made by a certified public accountant a full and complete audit of the accounts, books, and financial condition of the Cooperative as of the end of each such fiscal year. A report of such audit shall be submitted to the members at the next following annual meeting.
Section 3 - Membership in Other Organizations
In carrying out its purposes, this corporation may cooperate with other corporations organized under the Rural Electric Membership Corporation Act of Indiana and may apply for and accept membership in any general district corporation organized under said act, or any other corporation organized on a non-profit basis for the purpose of engaging in or furthering the cause of rural electrification, or otherwise deemed by the Board of Directors to be advantageous to the purpose for which the Cooperative is in existence. In the execution of this power, the board shall have full power and authority on behalf of the Cooperative to purchase stock or to make other capital expenditures which are conditions precedent to membership in any of the corporations hereinabove mentioned.
Section 4 - Electric Energy Rate Tariffs
(a) The tariffs of rates for electric energy sold to a member shall be fixed from time to time by resolution of the Board of Directors, provided, however, that such rate tariffs shall be established in accordance with the laws of the State of Indiana.
(b) Members shall pay all charges for electrical service billed by the Cooperative in accordance with the rate tariffs, including charges for late payment, collection, reconnection, insufficient funds checks or any other charge permitted by the rate tariffs.
Section 5 - Area Coverage
The board shall make diligent effort to see that electric service is extended to all unserved persons within the Cooperative’s service area who (a) desire such service and (b) meet all reasonable requirements established by the Cooperative as a condition of such service. The Cooperative may from time to time be unable to provide electric service to its members for many reasons. The Cooperative makes no guarantee, warranty, or promise that electric service will be available to its members at all times and under all conditions.
Section 6 - Laws Controlling
In the event the provisions of these bylaws conflict with the Articles of Incorporation or the laws of the State of Indiana, the provisions of the Articles of Incorporation or the law shall take precedence over these bylaws.
Section 7 - Newsletter Subscription
Each member shall pay for a yearly subscription of the Cooperative newsletter. Such subscription amount shall not exceed $5.00 for any one year. Payment of such subscription shall come from the amount paid by the member for their electric energy during the year.
Section 8 – Pronouns
Within these bylaws, any reference to he, him, she, or her shall be construed to refer to all such pronouns equally and simultaneously. Any reference to member, patron, consumer, or similar noun shall also be construed to refer to the plural of that noun, unless specifically outlined in a section of this bylaw.