ARTICLE I

Membership

SECTION 1. Requirements for Membership
A person or legal entity will become a member of Golden Valley Electric Association, Inc. ("the Cooperative") by:

1. submitting a completed application for membership in a manner provided for by the Cooperative;
2. agreeing to purchase from the Cooperative all electric energy used on the premises to be served, except as specified in SECTION 5 of this ARTICLE;
3. agreeing to comply with and be bound by the provisions of the Cooperative's Articles of Incorporation, Bylaws, tariffs, rules and regulations in effect at the time of application and as they may thereafter be amended; and
4. incurring regular current monthly charges on an electric account.

"Legal entity" includes a corporation, partnership or other recognized form of business organization, and governmental bodies, including agencies and sub-divisions of the Federal, State, Borough and municipal governments.
No person or legal entity may hold more than one membership in the Cooperative and no membership in the Cooperative shall be transferable except as provided by these Bylaws.

SECTION 2. Joint Membership
Any two persons may apply for a joint membership and, subject to their compliance with the requirements of SECTION 1 of this ARTICLE, may be accepted for such membership. The term "member" as used in these Bylaws includes two persons holding a joint membership. Provisions relating to the rights and liabilities of membership apply to each holder of a joint membership. The following rules shall apply to joint membership:

1. the presence at a meeting of either joint member shall be regarded as the presence of one member and shall constitute a joint waiver of notice of the meeting:
2. the vote of either separately or both jointly shall constitute one joint vote;
3. a waiver of notice signed by either or both shall constitute a joint waiver:
4. notice to either shall constitute notice to both:
5. withdrawal of either shall terminate the joint membership:
6. either but not both may be elected or appointed as an officer or director, provided that both meet the qualifications for such office.

SECTION 3. Conversion of Membership
A membership may be converted to a joint membership, if permitted by these Bylaws, upon the request of the holder thereof and the agreement by such holder and the proposed joint holder to comply with the Articles of Incorporation, Bylaws, tariffs, rules and regulations then in effect and as they may thereafter be amended. Upon the death of either holder who is a party to the joint membership, such membership, if permitted by these Bylaws, shall be held solely by the survivor.

SECTION 4. Purchase of Electric Energy
Each member shall, as soon as electric energy is available, purchase from the Coop-erative all electric energy purchased for use on the premises specified in his application for membership, and shall pay therefore at rates which shall from time to time be fixed by the Board of Directors ("the Board"); provided, however, that the Board may limit the amount of electric energy which the Cooperative is required to furnish to any member. Production or use of electric energy on such premises, regardless of the source thereof, by means of facilities which are interconnected with Cooperative facilities, shall be subject to regulation by the Cooperative. It is understood that amounts paid for electric energy in excess of the cost of service are furnished by members as capital, and each member shall be credited with the capital so furnished as provided in these Bylaws. Each member shall pay to the Coop-erative such minimum amount per month, regardless of the amount of electric energy consumed, as is fixed by the Board from time to time. Each member shall also pay all amounts owed to the Cooperative as and when the same becomes due and payable.

SECTION 5. Termination of Membership A membership is terminated when there no longer exists any electric account in the name of the member for which regular, current monthly statements are rendered. Upon the withdrawal, death or cessation of existence of a member, the membership of such member shall thereupon terminate. Termination of membership in any manner shall not release a member or his estate from any debts due the Cooperative.

SECTION 6.District Membership
A member having a service connection in two or more districts (each of which connections is listed in the name of the same member) is entitled to vote in only one district which should be the district the member designates as being the location of his permanent residence. If the member does not have a service at his permanent residence within a district, then the member shall vote in the district the member designates as his principal place of business. If the member does not have service either at his permanent residence or principal place of business within a district, then the member shall vote in a district designated by the member in which the member has service, which designation may be changed no more than once every three years.