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3f: <br />r <br />L <br />F <br />89..0.103181 <br />MINUTES OF SPECIAL STOCKHOLDERS MEETING <br />MAY 14, 1986 <br />A special stockholders meeting of the Farmers Union Cooperative <br />Elevator Association Grand island /Chapman was called to order <br />by Board President Don Stoltenberg. <br />Board Secretary Dale Semm moved to accept the notice of meeting <br />and to accept the registration of stockholders at the door as <br />roll call for this 6eeting. There are 88 stockholders - registered <br />plus 80 absentee ballots have been authenticated, therefore, a <br />quorum is declared present. Seconded by Jack Klingenberg and <br />carried,. <br />The purpose of the meeting was to vote on the following resolution: <br />Whereas, it appears that it is in the best; interests of <br />the corporation and -its stockholders that all or substantially . <br />all of the property and assets of the corporation be sold; <br />or otherwise disposed of or transferred; and <br />Whereas, the stockholders feel that the directors in their,. <br />discretion shoiAd be empowered to negotiate.for such sale, <br />other disposition or transfer upon such terms and conditions, <br />and.for such consideration, as the directors shall determine. <br />ResolvEd, that'the Board of Directors of the Farmers Union <br />Cooperative Exa,vator Association is hereby authorized to <br />- e ' �:hciiv .. v.. <br />e - : <br />v�aopv�rc- iii. v.. -. t�' «:L..f L-' "�'-- 31� = -��_ $....►...��- ---- -� .. •_ -.. <br />all of-'�the property and assets of the corporation on such <br />terms and conditions, and for such consideration, as the <br />Board of'�Dire'ctors shall determine in its sole discretion. <br />Charles Bossel•han moved to adopt the resolution. Seconded by Bob <br />Hagman and.carried. <br />Don.'S.t"rr moved to adjourn at 10:15 p.m.. Seconded by Bob Hague.' <br />and - carried. <br />Uc'�. �-� <br />Dale Semm <br />Secretary <br />EXHIBIT A <br />7 <br />r <br />r •� <br />