Greenbelt cooperator. (Greenbelt, Md.) 1937-1954, 1940-07-03
Notice
TO STOCKHOLDERS OF GREEN
BELT CONSUMER SERVICES, INC.
BYLAW CHANGES TO BE PROPOSED BY BOARD
OF DIRECTORS TO MEMBERSHIP MEETING ON
- AUGUST 7, 1910 -

1. That in Item (2) of Article Y, Section !, the
first work interest" by deleted and replaced by
the word "dividends", to conform with the term
ino1ogy used elsewhere in the bylaws.
z. That in Article K, Section S, the words "five
per cent" be deleted and replaced by the words
"ten per cent" increasing thereby the percentage
of the membership required to call special men,
bership meeting
3. That the following paragraph be added to Sec
ton of Article of the bylaws.
At the member ship meeting on August 7, 1870,
four Directors shall be elected by the membership
to replace the four Directors whose designations
we're receivedy the Board On June 8, 1870, effect
tive as of August 2, 1910. Thereafter at each
regular annual membership meeting five Directors
shal1e elected; and at the quarterly meeting In
August Of each year, four Directors shall be
elected. After August z, 1870, the provi sions Of
Section 136 this Article shall again apply with
respect to directorships vacated prior to the
ptration of the term of office
L. That Article X, Section II, of the Bylaws be
amended by deleting "(2) Auditing Comm ttee n,
and by changing "(3)" preceding Membership Com
mittee to "(2)".
5. That the Bylaws be amended by adding to Art
icle the following section:
Section y, Auditing Comm ttee.-At the Special
Quarterly Meeting held in Nay Auditing Com
mittee Of three members shall be elected from
among the membership of the Cooperative. This
Committee shall choose from its members
Chairman and q Secretary. It's members shall
serve for one year, or until their successors
chosen. No one employed by this Cooperative, or
who holds other office in this Cooperate We,
who has member of his immediate family en-
p1oyed by,or holding office in this Cooperative,
who is engaged in, employed by business
competitive to this Cooperative, shall be
Der of this Committee. Nomination and election
OF members of this Comm ttee shall be in accord
aace Wit the provisions set forth In Section
of this Article for the election Of Directors,
except that election need not be by the Hare
syatsmo6 ProportAonaa REORGANIZATION. vaeancAes
In the membership of this Comm ttee shall be
filled by the renal ming members of the Comd ttee
until the next membership meeting, when the men,
bers shall elect the one to serve the rest of the
tern vacated. The duties of this Committee shall
be To determine that the reports of the Treasurer
of this Cooperative reflect accurately the finan-
cia1 condition and business transactions of this
Cooperative. It may make such investigation of
the Cooperativ We S records, and set up such regu-
lations for the keeping of those records as are
not shown to be unreasonable. It shall study and
report to the membership concerning every Treas
wer's report Indicating the extent Of its study
and the nature of any faults found. Py affirm
alive vote Of MAORI ty of its members this Com
mttee may call a special meeting of the member
sh1pd this Cooperative to consider any violation
Of town, county, state, federal laws, or to
consider ary practice of this Cooperative ich
the Commit tee deems to be unsafe or wlauthori zed.
BY unanimous vote this Comm ttee may suspend any
director or officer for cause until the next
meeting of the membership In the event of any
such suspension the Comm ttee shall call special
meeting of the membership to act upon such sus-
pension within seventeen days. Notice Of. such
meeting shall conform with the terms of Section
of this Article. At the meeting at viii oh this
section is adopted the membership shall elect
three members to serve on this Comm ttee until
the following Nay membership meeting.