17-1608. Amendment of charter.
17-1608
17-1608. Amendment of charter.
The charter may be altered or amended by any annual meeting or at any special
meeting called for that purpose. Any amendment must first be approved by 2/3 of
the directors and then be adopted by a vote representing a majority of all the
members or voting stockholders of the association. In lieu of a vote
representing a majority of all the members or voting stockholders, an amendment
may be adopted by a vote of 2/3 of the voting members or voting stockholders
present and voting at an annual meeting of the association or a special meeting
called for the purpose of voting on the amendment and upon written notice sent
by first-class mail to every member or voting stockholder at such member's or
voting stockholder's last known post-office address at least 10 days prior to
such meeting. Amendments to the charter when adopted as provided
in this section shall be executed and filed and become
effective
in accordance with the
provisions of the general corporation code.
History: L. 1921, ch. 148, § 8;
R.S. 1923, 17-1608;
L. 1968, ch. 379, § 1;
L. 1972, ch. 53, § 3;
L. 1992, ch. 227, § 8;
L. 1999, ch. 39, § 3;
L. 2000, ch. 39, § 5; July 1.