a ‘Unless otherwise promod in the bylaws, the boar, sq aswf'stueaney nthe commitecs Sy fall en election fo ehe vacaney or appoint & bets to fil he soc abit to the croton that the pero clactd er epponted chal cove ony for the Grespered portion of ts term "ARD, 44. Functions, Responetbilies ond Treining Feguvenaels uf Derecore Offesre and Gomme entare "The finetne, Sad Fecporelbiliies of she directors, officera and Committee members, as well as their training roeuirements shal be sn scnrdance withthe ules nd egelatone sasud by the Author “ART. 45, Libiliy of Ditetors, Officers and Conmittee Members. - Dinuctas, ffeers and Somanttee membees bo milly and knowingly ‘ote ror sana to patel anil ate eo Gre geilty of groce negligence or bad faith ‘iesctng the alae afte ceperatie o ature any Seoonol or pecoriry inven cont with hat Aisty sa tach directors offesra or comnitiee ‘pombore shall be habe inl and severally for a ‘images or profits sevulting thereon #0" the (eepesnive, embers aud eller persona “When s dcector, offer of comstee meses tempest aqui or segue, sn lato of Me uty any interest or equity adverse to the ‘operative a espect tanh lier wc has Boot eesed in hbo im conilens, beable eutece forthe cooperate, ba able for damages and hell te suntate fr double to prota whch eerie ‘onl anwe saree to the coperative ART 48. Comperantion ~ (1) Inthe absence of nny provision tm tne bylaws: Ring their femponautien, the drectore shall not reosiee ny fenigeneation except for reasonable per diens Frowtdad, however, That the tector an ofcers hall soe be sated to any por suo when, i te et aso had dividend rate es than the ofl Inston vate forthe same fear Any compensation ther than por ime say be granted to Sretore ya sweaty vote of the members with voting Fiekte“ai a regular or special general aceably ‘ovtng epeiscaly ele fo to papa: Provided, ‘Tost ne adaitionsl sompensstion ther thom per dios tal pai dann Beef eee '@) The compensation of officers of the cooperative af well as the members of the fommitens crested pursuant ta thar Code 30 fvlawe sey be ned in te Bylowe “G) Unless atroady fixe in the bylaws, the componcation of all other oxployoos shall be {Ttermined ty dhe board of decors “ag. 47. Dealings of Directors, Officers or Commies embers. 'A contac entered nt by ‘he cooperative with ope Q) or more afte delay, ‘licens and conmitac members veda the Spon of the cooperative, Unless all Uo flowing ‘hte ae prec: “() That the presenas of ouch deta in the ‘mand teeing wherein the contrat mas approved wae nor neesoary to coustitte quer for Such (2) That the vote of met director wae! necessary fr the approval a the eateact "That the contact ie fir and rowsonable under the ercurstanse, soe (4) That im the case of an officer oF ‘cnnmiloe sember dh contact with the thee ot ‘Smumitice momber hao boen previously euthortond ‘by the general aesimbly or bythe ead of crore a“Ware any of the fest two oonditions st fort the pcedingpanaragh ie sberntyn the ‘e"raued by threfourths (24) vate of all ty eaters with voting Tights, present and Gonsiatiog'& quvun sn a seting called for the purposes Provided. That fall dacloaure of the Sever ero of th decors sveived te ad gt oth acting, aod that th sontenc ie fat oad Fensonale andar th creel, ART. 48. Disloyatty of o Divector. — & director who, by Wirt of it office, sequces Lot hanes an oppottumty wick should belong fa the ‘coperative shall be late for damages and mice Sccount for deuble the pros tat llmewins would lve sezruce tothe comerative by rehmncing the fame, usiens hue ct hos been rated ty 2 Cree fouctis (39) vete of al te members with woking Fights, present and soustiulng 2 quorvin, The Broiton hall be applicable, notwithssanding the {occ that the act weed his ow fons te “ART. 49, Hlegel Use of Confidential Informotion, —Q) Aduceter or offices oF 40 scree o's diner o oven, who, er a benef tr edvantage or that ofan eaitae, sakes ue of feosidetil exertion tha if goerally kiows ‘mit ensocaly be expe i avery aoc de augraton ac abit o he snperatve, chal Ye a) Liable to compan the cooperative for the eet late sullered tthe cpersive ae 3 ‘Sc Sue nga use of intrest aad 1B) Accouncble o the ssopeative fr any divest gente ot advtalage seenived or set tbe ceived by hin of hie soscaata aa a rel of he Desig of Cooperstivns of the me Ci femumbered and amended fo tead, 22 lows 2) The coppertive shall take the necessary 3 ict deemed ts beste “ARP 60, Romovol ~ All complaints forthe eoval ofan eltad fee shall be fled ith the ‘end of disctors. Such scr shall be given the apporcunty to be heard. ‘Monty cf the board af Aifctors may place the offeer concerned. under preventive turpennion pending the reson 9f he EEveetgation Upen frig of pra foce evidence Gf pul, the board rll present ta rocoamendatin fortenoval to the general assomtly “Aan elaine offer may be seme by he. Souths (ld votes of the reglar members prosent and constituting a quorum, sta ropular or opel feoeeal oesembly meeting called Tor the purgose ‘Teeter concerned tall te given an opportunity (oie heard at aad sammbiy™ S60. 8. Articles 62,83, 64.58.86, 87.58, 89, 60,6, CHAPTER V Resronssiuinis, Rtonts ano PaMiLors or Cooreasrwis amet. 51, Address, — Bvory exoperative shal), have an efi postal advees to which al ote: hd smesinsctsoa shal te sone Such addres nd ty change there! shal be roqutaed ih the It. “Ag 82. Books 1 be ap Open. ~ 1) Breey coorerstive shall hees the fellowing” docubents Sealy and.avcorsibte. to ite membece and Ecpreeentntives of the Authority Tor snspeclion ‘Ring veazonableofce oure at ofc eddiesa a) A copy of thie Code and all ether Laws “1b Acopy ofthe regulations fhe Auhanty “10, copy ofthe artes of seopertion and bylaws of te operate “@) A repiater of member: “ie The book ofthe minutes of the easings of che general aseombly, board of directors and “(0 Shave hooks, whose applieale “e) Financial statements: and (a) Such other documents at may be prsecbed by Tavs or the bylaw (2) The scountant or the beohegper f the coperntive salle seperate fo the unten Sd soleheoping of he boks and vasude f est tthe cooperahve in ocordance with generally Seceptee eocounting practices, fe thal lao be ‘esponsble for the pruton af the sane at he be of aut or napeton “The audit commie shall be responsible for ‘he cours ad pare sev oft bok 2nd evorar of aesnont so eanare that ase. ae 1 Sesordance se the cooperative peineples and Senerally accoped accounting practise 6) Bach copertva shall maistain record of seeonste such that the tras and enrect condition Bnd the resus ofthe operation ofthe cooperative fay oe mcertined thereto at any times Toe Foams statements, auttad asc ta generally ‘copied audiune stoners, props ah peace Shae publishes nnnwely ad shal be kept posed tn a conspicanus place in ee principal oe ofthe A) Subjct to tho pertinent provision of the Notional internal Revenue Code aed ser law operative may spon by wa of brnng of eer ‘Bell ef emplote esttion ny dociment ord or book pertaining tos finance ana nonfatal “peta whieh ar es toe than Be) years til eraap the sulting to tansacian which a0 fhe Subject of eal criminal and adminstative prctodings An inventory of tho sud documents, Feeorda tl tele to be dipoved of shall be drs tp and cared toby the board secretary ad the eae arte sud commttee and prevented to the bead of ceca wiuch ray thereupon epproe the dspoation of ead records "ART. 58. Reprte. ~ (1) Bvery cooperative hall drow up regular ropers of program of fetivicien,” Sneluding thoes in pursuance of thir Sooo. underakinss showing thes prowess and ‘Sbevemente at the end af every focal Sear The ‘port all ie wave acseible tite members, and ‘ope there ehall be farished toate members lirecords These reports shall be Bled with the SRuthonty wilin one indeed wenty (20 dave ‘fom the end af the calandae sear. The form and extents of tho mepors sl be ae posed hy the fale ofthe huthentty.Folore tolBle Use reticed ‘spor sal eset the accountable fers Snes Si penalties ar may be prasebed by dhe Author, fd Shall be agro for she revocaton of author Sf the cooperative to opoeata oe auch The ical Soar of wees operative all be te calendar esr, ‘Reapt ac may be dhmewice provided sn the bylaw 2) I exoprae fale maka, pabah and fle the reper raqirodhetein o fist include therein shy mater soquired by thir Code, the ‘Ruorty shall win Steen (18) days foo the xpieation of tho preccribed period, send such Sndperative's wits noice, stating Was