HERBERT R. O'CONOR, GOVERNOR. 1659

with this sub-heading deemed necessary or advisable for the
conduct of its business. Such articles shall be signed by each
incorporator and acknowledged by at least two of the incor-
porators, or on their behalf, if they are cooperatives. It shall
not be necessary to recite in the articles of incorporation of a
cooperative the purpose for which it is organized or any of
its corporate powers.

467. By-Laws. The Board of Directors shall adopt the first
by-laws of a cooperative to be adopted following an incorpo-
ration, conversion, merger or consolidation. Thereafter the
members shall adopt, amend or repeal the by-laws by the
affirmative vote of a majority of those members voting thereon
at a meeting of the members. The by-laws shall set forth the
rights and duties of members and directors and may contain
other provisions for the regulation and management of the
affairs of the cooperative not inconsistent with this sub-head-
ing or with its articles of incorporation.

468. Members. Each incorporator of a cooperative shall
be a member thereof, but no other person may become a mem-
ber thereof unless such other person agrees to use electric
energy or other services furnished by the cooperative when
they are made available through its facilities. Any member
of a cooperative who agrees to use electric energy shall cease
to be a member if he does not use electric energy supplied by
the cooperative within six months after it is made available
to him or if electric energy is not made available to him by
the cooperative within two years after he becomes a member,
or such lesser period as the by-laws of the cooperative may
provide. A husband and wife may hold a joint membership
in a cooperative. Membership in a cooperative shall not be
transferable, except as provided in the by-laws. The by-laws
may prescribe additional qualifications and limitations in
respect of membership.

469. Meetings of Members, (a) An annual meeting of the
members of a cooperative shall be held at such time and place
as shall be provided in the by-laws.

(b) Special meetings of the members may be called by the
president, by the board of directors, by any three directors,
or by not less than ten per centum of the members.

(c) Except as otherwise provided in this Act, written or
printed notice stating the time and place of each meeting of
the members and, in the case of a special meeting, the purpose
or purposes for which the meeting is called, shall be given to
each member, either personally or by mail, not less than ten
days nor more than twenty days before the date of the meet-