DEMCO Special Membership Vote Next Month

DEMCO Press Release

DEMCO officials are encouraging members to approve recommended changes in the local cooperative’s Articles of Incorporation during a special vote of its members taking place September 2-16, 2014. 

According to DEMCO CEO and General Manager John Vranic, the cooperative’s current Articles of Incorporation were adopted when the organization was formed more than 75 years ago. DEMCO management and board, he said, are urging members to support the proposed changes.

“These steps are necessary for us to keep pace with the rapid changes that are taking place not only in our industry but with the constantly shifting national and global business trends as well,” Vranic said. “The current Articles of Incorporation served their purpose back when the co-op was founded, but we need to ramp things up to today’s business standards and practices.”

The recommended changes will provide DEMCO with perpetual corporate existence (as opposed to the current 99-year limitation) and will allow the management and board to operate consistent with the Louisiana Electric Cooperative Act of 2012. The changes will enable the co-op to address ever-changing operational and business needs while placing DEMCO in compliance with current Louisiana state law.

Vranic noted that the state statutes pertaining to Louisiana’s electric cooperatives were not only passed by the legislature but members at four electric cooperatives across the state have approved the changes without opposition.

DEMCO members who sign and return their ballots for the Special Membership Vote before Sept. 16 will be eligible to win a $10,000 grand prize. Voting members will also be eligible for one of 12 $2,000 prizes or one of 13 $500 prizes, according to Turk Tynes Vice President of Marketing and Member Services. 

Ballots for the 2014 Special Membership Vote will be mailed to all members on Sept. 2. Ballots must be signed and returned in the envelope provided to Hawthorn, Waymouth and Carroll, certified public accountants, and must be received before 4:30 p.m., Sept. 16. 2014.  Members may also vote in person at any one of DEMCO’s seven district offices (addresses below).  Members need only to vote in order to be entered to win. Additional details can be found at www.demco.org.

Central District Office
16262 Wax Road
Greenwell Springs, LA 70739

Denham Springs District Office
1810 South Range Avenue
Denham Springs, LA 70726

Galvez District Office
15095 Highway 931
Gonzales, LA 70737

Greensburg District Office
6823 LA Highway 10
Greensburg, LA 70441

Livingston District Office
29444 Frost Road
Livingston, LA 70754

St. Francisville District Office
6843 LA Highway 61
St. Francisville, LA 70775

Zachary District Office
20110 Plank Road
Zachary, LA 70791