The Board shall appoint not less than 60 days or more than 120 days before the Annual Meeting, a Committee on nominations, consisting of 1 delegate from each exchange in the system, said Committee to serve for 1 year from the date of appointment. Any person who is not a member in good standing of the Corporation shall be disqualified to serve as a delegate, and no member of the Board may serve on such Committee.
The Committee shall nominate 1 or more candidates for each Office of Trustee to be filled during its year. The Committee shall meet not later than 40 days before the Annual Meeting to select its nominees, and the Secretary of the Corporation shall notify, by mail, each member within the districts where the terms of Trustees are subject to election of the date, time, and place that the Committee will meet.
Qualified members of the Corporation desiring to be elected as a Trustee shall secure a nominating petition (petition form to be provided) containing the signatures, telephone numbers and or account numbers, and complete addresses of at least 50 members residing in the district which the candidate desires to represent; which shall be filed at least 14 days before the meeting of the Nominating Committee, with the Secretary of the Board of Trustees, or his designee, at the Corporate Office in Glasgow, Kentucky, who shall deliver same to the Nominating Committee when it convenes; provided, however, that any incumbent Trustee desiring to be so nominated for reelection shall not be required to submit such a petition, but he or she may do so.
In the event such incumbent Trustee does not desire to submit a nominating petition, she or he shall notify, in writing, the Secretary of the Corporation, or his designee, at least 14 days before the meeting of the Nominating Committee, of his or her desire to be so nominated. In such event, the Secretary of the Corporation shall deliver such written notification to the Nominating Committee, at its Annual Meeting and after the chair has been elected for the year in which the nominations will be made, and such written notification shall be deemed to be the same as a nominating petition with the above mentioned 50 signatures and so considered by the Nominating Committee.
Nominating petitions (which shall hereafter be defined as to include written notification from incumbent Trustees) shall be filed with the Nominating Committee, and if any nominating petitions are filed with the Nominating Committee, the Committee shall be limited in its nominations to those members filing nominating petitions. The Nominating Committee shall promptly make a report of its nominations to the Secretary of the Corporation, who shall promptly notify, by mail, each member filing a nominating petition of the actions of the Nominating Committee.
(August 31, 1965; August 29, 1974; February 20, 1975; January 13, 1981; July 30, 1987; November 14, 1991; July 6, 2000; February 22, 2001; September 24, 2010, October 28, 2010, December 17, 2015; April 26, 2018)