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1. The Board of Directors will determine a
budget for the 70 and over refunds, |
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yearly. |
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2. Interested members will be solicited
each year in the December Energizer |
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with a deadline for
requesting the refund of March 31. |
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3. Refunds will be paid to the oldest
interested member first and continue |
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until the funds are
used. |
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4. The applicant will fill out an
application with proof of age when informed |
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by the Cooperative that
they have been selected for a refund. |
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5. Refunds will not be made to members who
are not current on their |
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electric bill. |
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6. All members receiving refunds under
this new Bylaw section agree to |
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donate all future
capital credits to the Cooperative. Each will also certify |
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that as long as they
are living at the residence or using it as a seasonal |
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residence on
Cooperative lines, then the meter at that service will remain |
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in their name. |
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7. Members indicating an interest but not
receiving a refund will be carried |
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over to the next year's
list. |
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