The Corporation shall not become a member of or purchase stock in any other organization without an affirmative vote of the members at a duly held meeting, the notice of which shall specify that action is to be taken upon such proposed membership or stock purchase, provided, however that the Corporation may upon the authorization of the Board of Trustees, purchase stock in or become a member of any corporation or organization organized on a non-profit basis for the purpose of engaging in or furthering the cause of area wide rural telecommunication services; or the Board of Trustees may authorize the purchase of stock in local corporations organized for the purpose of furthering the industrial development or civic improvement of the area which is certificated by the Public Service Commission as the service area of the rural telecommunications corporation; or the Board of Trustees may authorize the purchase of stock in building and loan associations or other savings institutions, insured by an agency of the federal government, for the purpose of investing currently unused funds of the Corporation.
(April 26, 2018)