Part 8 Amendment and Restatement of Articles of Incorporation of Electric Membership Corporations 46-3-360

Nonprofit operation of electric membership corporations required; rates and fees to cover costs of operation and interest payments and for maintaining reserves; bylaw provisions concerning revenues, assets, and member classification. Return of revenues upon death of member. Part 9 Organization of Electric Membership Corporations Number of incorporators; age requirement. Signing of articles of incorporation; contents of articles of incorporation. Filing articles of incorporation; issuance of certificate of incorporation; forwarding of copy of certificate to clerk of superior court; rejection of articles of incorporation; publication of notice; commencement of corporate existence. Effect of issuance of certificate of incorporation. Organization meeting of directors. Adoption of initial bylaws; authority to alter, amend, repeal, or adopt new bylaws; contents of bylaws generally. Adoption of bylaws for emergency conditions; emergency powers of board of directors generally. Operation of Electric Membership Corporations Generally Part 7 116 Right of electric membership corporation to amend articles of incorporation. Procedure to amend articles of incorporation generally. Manner of execution of articles of amendment; contents of articles of amendment. Obtaining of certificate from Secretary of State upon amendment of name of electric membership corporation; filing articles of amendment; issuance of certificate of amendment; forwarding of copy of certificate to superior court; rejection of artiPage: 117 Job Path: @mfgmic/west/stcodes/ga/repl/qj04040.63 Date: 06/30/04 Time: 20:52:29 0000 42051-21 (QS) GA 04 RV34 -- 3rd RUN ELECTRICAL SERVICE Sec. 46-3-364. 46-3-365. cles of amendment; publication of notice. Time of effectiveness of amendment; effect of amendment on pending causes of action. Restated articles of incorporation. Part 10 46-3-381. 46-3-382. 46-3-383. 46-3-384. 46-3-385. 46-3-422. 46-3-423.