17-1608.   Amendment of charter.The charter may be altered or amended by any annual meeting or at any specialmeeting called for that purpose. Any amendment must first be approved by 2/3 ofthe directors and then be adopted by a vote representing a majority of all themembers or voting stockholders of the association. In lieu of a voterepresenting a majority of all the members or voting stockholders, an amendmentmay be adopted by a vote of 2/3 of the voting members or voting stockholderspresent and voting at an annual meeting of the association or a special meetingcalled for the purpose of voting on the amendment and upon written notice sentby first-class mail to every member or voting stockholder at such member's orvoting stockholder's last known post-office address at least 10 days prior tosuch meeting. Amendments to the charter when adopted as providedin this section shall be executed and filed and becomeeffectivein accordance with theprovisions 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.