The business and affairs of the Cooperative shall be managed by a board of 7 directors, which shall exercise all the powers of the Cooperative except those reserved by law, the articles of incorporation, or these bylaws. If, in any 1 year, the Cooperative shall acquire new service area or areas which, in any 1-year result in Cooperative membership increasing by more than 50% then, in that event, the number of directors shall be increased to nine.
The effective date, for these purposes, of the increase shall be determined by a resolution of the Board of Directors to become effective not later than 120 days after the requisite 50% membership increase. The Board of Directors shall, by affirmative vote of the then current directors, fill the new director positions as provided in Article IV, Section 6 herein.