Resolution 22 – 2014 Member-Investor Share Dividend

Aug 04, 2015
| in Board of Directors
| by

Whereas, the expenses of the Co-op grew faster than income in 2014;

and Whereas, the Workers’ Assembly and its accountant concur that there are no net savings for 2014;

Therefore, it is resolved that there shall be no dividend paid on Member Investor Shares for 2014;

Furthermore, there shall be no money set aside for an education or general welfare fund;

and Furthermore, there shall be no rebate paid on member patronage for 2014. 

Adopted June 28, 2015.

Motion approved 2-0-6.