Oklahoma Electric Cooperative

“The following shall be eligible to become a member of, and, at one or more premises owned or directly used or occupied by the applicant, to receive electric service from, oklahoma electric cooperative: any natural person, firm, association, electric membership corporation, foreign electric cooperative, corporation, domestic or foreign, business or other trust, partnership, federal agency, state or political subdivision or agency thereof, or any body politic.”

“The organization's members purchase electric energy from the cooperative. Each member is entitled to one vote. Changes to the articles of incorporation and bylaws require a majority vote by the members. In addition, the members annually hold a meeting to elect trustees, and to transact such other business that may come before the meeting. Upon dissolution of the cooperative, after all debts and liabilities have been paid and all capital furnished through patronage has been retired, the remaining property and assets of the cooperative shall be distributed among the members and former members in proportion to their patronage. Members of the cooperative may vote on items of business at annual and district meetings provided a quorum is present.”

“Each member is entitled to one vote. Members of the cooperative may vote on items of business at annual and district meetings provided a quorum is present.”

“Verle barnes, 205 southpoint ave, tuttle, ok 73089. Frank wilson, 400 s. 60th ave, noble, ok 73068.”

“The form 990 is prepared and reviewed by an outside accounting firm. Prior to filing, the form 990 is reviewed by the cooperative's top management officials including the ceo and the cfo. The form 990 will be sent via first class mail or emailed to the board of trustees for review.”

“Officers, key employees and trustees are covered under the conflict of interest policy. Each of these persons has a duty to disclose actual or potential conflicts of interest. With regards to potential financial interests, the interested person shall present all material facts to the board of trustees at which time the disinterested trustees shall make a determination whether a conflict exists. Should a conflict be identified, the interested person has 30 days to comply with the policy . If compliance is not attained, the board will sanction, disqualify and/or remove the trustee as allowed by the by-laws. If any other official is determined to be out of compliance with this policy, the board will act or authorize the ceo to act as appropriate.”

“At the june board of trustee meeting, the trustees reviewed the ceo's performance and determined the amount of compensation. The meeting was documented in the board of trustee's minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Patronage capital refunds (4,543,757) other 3,035 ------------ total (4,540,722)”