Check Your Voting Status
Jun 23, 2023
By Kelly Drees, CFO
Did you know we have two types of ownership at the Garden City Co-op, Inc?
You can be a common stock owner or a participating stock owner, but you only have rights to vote at the meetings if you are a common stockholder.
Common stockholder:
Any person, trust, firm, partnership, limited liability company, corporation or association, including both landlords and tenants in share tenancies, who is a bona fide producer of agricultural products in the territory of Kansas, and who agrees to be a patron of this association and to abide by the Bylaws of this association, may become a member by acquiring fifty (50) shares of common stock (for $50) and meeting conditions as may be prescribed by the Board of Directors.
Participating stockholder:
Any person, trust, firm, partnership, limited liability company, corporation or association, including both landlords and tenants in share tenancies, who is not qualified for membership in this association because they are not a bona fide producer of agricultural products in the territory of Kansas, who agrees to be a patron of this association and to abide by the Bylaws of this association, may become a participating patron of this association by executing consent and by acquiring fifty (50) shares of participating stock (for $50) and meeting conditions as may be imposed by the Board of Directors.
Voting Power of Members:
As stated in Article 1 Section 10 of our Bylaws, At all meetings of the stockholders, each holder of common stock shall be entitled to cast one, and only one, vote irrespective of the number of shares of common stock owned. If common stock is held in a joint or common tenancy, the joint or common tenants shall be considered to be a single holder of the shares of the common stock and may cast one, and only one, vote which may be cast by any one of the joint or common tenants.
If you have any questions regarding membership, please contact the main office!
Did you know we have two types of ownership at the Garden City Co-op, Inc?
You can be a common stock owner or a participating stock owner, but you only have rights to vote at the meetings if you are a common stockholder.
Common stockholder:
Any person, trust, firm, partnership, limited liability company, corporation or association, including both landlords and tenants in share tenancies, who is a bona fide producer of agricultural products in the territory of Kansas, and who agrees to be a patron of this association and to abide by the Bylaws of this association, may become a member by acquiring fifty (50) shares of common stock (for $50) and meeting conditions as may be prescribed by the Board of Directors.
Participating stockholder:
Any person, trust, firm, partnership, limited liability company, corporation or association, including both landlords and tenants in share tenancies, who is not qualified for membership in this association because they are not a bona fide producer of agricultural products in the territory of Kansas, who agrees to be a patron of this association and to abide by the Bylaws of this association, may become a participating patron of this association by executing consent and by acquiring fifty (50) shares of participating stock (for $50) and meeting conditions as may be imposed by the Board of Directors.
Voting Power of Members:
As stated in Article 1 Section 10 of our Bylaws, At all meetings of the stockholders, each holder of common stock shall be entitled to cast one, and only one, vote irrespective of the number of shares of common stock owned. If common stock is held in a joint or common tenancy, the joint or common tenants shall be considered to be a single holder of the shares of the common stock and may cast one, and only one, vote which may be cast by any one of the joint or common tenants.
If you have any questions regarding membership, please contact the main office!