Meeting Notice

Red Lake County Co-op Logo

Notice of Annual Meeting

Tuesday, April 2, 2024

Brooks Community Center| Brooks MN

BREAKFAST | 8:30AM MEETING TIME | 9:30AM

NOTICE IS HEREBY GIVEN that the annual meeting of the members of the Red Lake County Cooperative, Inc. of Brooks, MN will be held at the Brooks Community Center on April 2, 2024 at 9:30AM. Business to be conducted will include a review of the financial statements, the manager’s report, the election of one (1) at-large director, and consideration/voting by the members on unanimous resolutions of the board to: amend Article V. “Board of Directors” Section 1. to reduce the number of directors from seven (7) to six (6) (see complete text below); and amend Article III. “Board of Directors” Section 1. of the Bylaws to reduce the number of directors to six (6), and for the number of districts to be reduced from five (5) to four (4) (see summary statement below).

The text of the proposed amendment to Article V. (Board of Directors) Section 1. Of the Articles of Incorporation is as follows:

            Article V. (Board of Directors) Section 1. The management of this corporation shall, effective immediately following the time this matter is voted upon and approved at the 2024 annual meeting, be vested in a board of six (6) directors, who shall be elected by and from the stockholders/members at the annual meeting to be held in the territory served by this association within the time period required by the law applicable to such things, and as otherwise provided in the by-laws, and on such date and time as the board of directors shall select in each year.  All vacancies in the board of directors shall be filled by the board until the next annual meeting.

            A summary statement of the proposed amendment to Article III. (Board of Directors) Section 1. of the Bylaws is to reduce the number of board members from seven (7) to six (6) (consistent with the proposed amendment to the Articles of Incorporation), and to reduce the number of geographical districts from five (5) to four (40, with there to be one (1) board member from each of the four (4) districts and two (2) at-large directors.

DIVIDENDS CHECKS DOOR PRIZES

Red Lake County Cooperative Inc
Todd Wieland, Chairman ● Anthony Chuck Flage, Secretary