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May 12, 1975 NOTICE
OF A SPECIAL MEETING OF THE STELLE GROUP This is a call for a special meeting
of The Stelle Group for the purpose of considering the proposed amendment to
the by-laws attached hereto.. The meeting will be at Factory #1 at 8:00 p.m., Saturday, May 17, 1975. The Trustees are proposing this
change in the by-laws to provide for a more stable framework within which
The Stelle Group can operate. By-laws are “the basic code or
codes” of rules adopted by a corporation for the regulation and management of
its affairs. The bylaws and the articles of incorporation are the basic
framework and structure within which a group of individuals, acting in the
corporate form, may operate legally within the State of Illinois. Because a
change in the by-laws could affect the basic structure or direction taken by
the corporation and therefore threaten its legal existence within the State,
such changes should be made difficult to accomplish. Resolved: That Article VIII of the by-laws be
amended as follows: ARTICLE VIII -
AMENDMENTS These by-laws may be altered,
amended, or repealed, or new by-laws may be adopted in the following manner: a. The Board of Trustees may
initiate a change in the by-laws by adopting a resolution setting forth the
proposed change and by presenting the proposal to the membership for its
vote at a special meeting to be called in the following manner: written or
printed notice stating the place, day, and hour of the meeting and setting
forth the proposed amendment shall be delivered to the membership no less
than 5 full days before the meeting. b. The general membership may
initiate a change in the bylaws by presenting a written proposal to the
Board of Trustees, supported in writing by a number of members constituting
1/5 of the total votes entitled to be cast. The Board of Trustees shall
present the proposal at a special meeting to be called in the manner set
forth above. Said meeting shall be called within 60 days of the presentation
of the proposal to the Board of Trustees. c. The proposed amendment shall be adopted upon
receiving 2/3rds of the total votes entitled to be cast. James E. Howery Gary N. Ennor Gail A. Kieninger David Cysweski |
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