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SECTION 2. Financial Instruments. All checks, dra s or other orders for the payment of money, and all notes, bonds or other evidences of indebtedness issued in the name of the Co-op shall be signed by such officer or officers, agent or agents, employee or employees of the Co-op and in such manner as shall from time-to-time be determined by resolution of the Board. SECTION 3. Deposits. All funds of the Co-op shall be deposited from time-to-time to the credit of the Co-op in such bank or banks as the Board may select or as may be selected by any officer of the Co-op to whom such power may be delegated from time to time by the Board. SECTION 4. Changes in Rates. If required, wri en notice shall be given to the Administrator of the USDA Rural Development of the United States of America not less than ninety (90) days prior to the date upon which any proposed changes in the monthly rates charged by the Co-op for telecommunications service becomes effective. SECTION 5. Fiscal Year. The fiscal year of the Co-op shall begin on the first day of January of each year and shall end on the thi y-first day of December of the same year.

the Administrator of the USDA Rural Development Rural Utilities Service of the United States of America, of any other corporation for the purpose of acquiring telecommunications facilities or assuring more adequate telecommunications service to its members. SECTION 2. Rules and Regulations . The Board shall have power to make and adopt such rules and regulations, not inconsistent with law, the A icles of Incorporation or these Bylaws, as it may deem advisable for the management of the business and affairs of the Co-op. SECTION 3. Accounting System and Repo s. The Board, through officers and agents of the Co-op, shall cause to be established and maintained a complete accounting system which, among other things, and subject to applicable laws and rules and regulations of any regulatory body, shall conform to such accounting system as may from time-to-time be designated by the Administrator of the USDA Rural Development Rural Utilities Service of the United States. The Board shall also, a er the close of each fiscal year, cause to be made a full and complete audit of the accounts, books and financial conditions of the Co-op, as of the end of such fiscal year. Such audit repo s shall be submi ed to the members at the next following annual meeting.

ARTICLE XIII AMENDMENT

ARTICLE XII MISCELLANEOUS SECTION 1. Membership in Other Organization.

These Bylaws may be altered, amended or repealed by the affirmative vote of not less than two- thirds (2/3) of all the trustees at any regular or special meeting, provided a notice of such meeting shall have contained a copy of the proposed alteration, amendment or repeal.

The Co-op shall not become a member of or purchase stock in any other organization without an affirmative vote of the members at a duly held meeting, the notice of which shall specify that action is to be taken upon such proposed membership or stock purchases, provided, however, that the Co-op may upon the authorization of the Board, purchase stock in or become a member of any corporation or organization organized on a non-profit basis for the purpose of engaging in or fu hering the cause of area-wide rural telecommunications service, or, with the approval of

END

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