Claiborne Electric Cooperative, Inc

CLAIBORNE ELECTRIC COOPERATIVE, INC.

BOARD MEETING MINUTES

AUGUST 5, 2014

A regular meeting of the Claiborne Electric Cooperative, Inc. Board of Directors was held onAugust 5, 2014at the headquarters office in Homer, Louisiana. An invocation was given. President Hez Elkins led the Pledge of Allegiance and presided over the meeting. Members present were:

Richard NolesDaniel GreenDavid Farrar

Phillip FincherLane DavidsonHez Elkins

Leroy PerrittRand KillgoreEddie Harmon

Mark Brown, General Manager/CEO;Melissa Watts, CFO; Paul Kitchens, General Counsel, andTea’ Heard, Executive Secretaryattended the meeting.

Mr. Davidsonmoved and Mr. Nolesseconded a motion to approvethe minutes of the July 15, 2014 meeting. Motion passed unanimously.

Mr.Killgoremoved and Mr.Fincherseconded a motion to accept the New Members Report. Motion passed unanimously.

Mr. Fincher moved and Mr. Davidson seconded a motion to approve all expense reports presented for payment. Motion passed unanimously.

Mr. Nolesmoved and Mr. Perrittseconded a motion to approveand authorize payment of all capital creditsapplications presented for payment subject to approval by Mr. Kitchens.Motion passed unanimously.

Member/Service Location Applicant Credits

BISHOP, Tommie-HomerRosa Bishop, spouse $1,084.79

BRAZZEL, David-RustonAlice H. Brazzel, spouse 1,054.62

COOK, William N.-FarmervilleJane Cook, spouse 1,821.91

DONOVAN-Billy L.-RustonConnee Mercado, step-daughter 434.10

HODGE-Nettie-FarmervilleSidney Hodge, son 322.57

LIGHT-Clara-DownsvilleDavid Wyatt, son 451.31

PARDUE-Mamie-DownsvilleJoye Barkley Tucker, daughter 1,299.20

REYNOLDS- John M.-MarionJohn M. Reynolds, Jr.-son 352.22

ROBERSON-Alan, Jr.-DownsvilleLinda Roberson-spouse 702.02

ROBINSON, Ricky-HeflinDeAnn Robinson, spouse 1,054.34

SWINT, Brooksy-ArcadiaPaul Swint, son 1,117.58

WILBANKS, Max L.-DownsvilleBobby J. Wilbanks, son 203.65

TOTAL $9,706.85

It was agreed that the terms of the capital credit death benefit retirement policy would be revisited in the near future.

Mr. Harmonmoved and Mr. Fincher seconded a motion to accept the ALEC Report presented by Mr. Noles. Motion passed unanimously.

Mr. Killgore moved and Mr. Davidson seconded a motion to accept the Attorney Report presented by Mr. Kitchens. Motion passed unanimously.

Mr. Harmonmoved and Mr. Green seconded a motion to accept the Loss Control and Safety Report as printed. Motion passed unanimously.

Mr. Noles moved and Mr. Killgore seconded a motion to accept the Financial Report presented by Mrs. Watts.Motion passed unanimously.

Mr. Perritt moved and Mr. Davidson seconded a motion to accept Homer and Farmerville Operations Reports as printed. Motion passed unanimously.

Mr. Harmon moved and Mr. Davidson seconded a motion to accept the CEO’s Report including the appointment of Mr. Noles and Mr. Fincher as Claiborne’s representative voting delegate and alternate voting delegate for the NRECA Region 8-10 meeting this fall. Motion passed unanimously.

Mr. Fincher moved and Mr. Harmon seconded a motion authorizing Mr. Brown to negotiate the terms of an agreement to have an additional (approximate) 200 miles of right of way trimmed this year. Motion passed unanimously.

Mr.Perrittmoved and Mr.Farrarseconded a motion to approve and authorize payment of all expenses associated with this meeting. Motion passed unanimously.

The next Board of Directors meeting was confirmed for Tuesday, August 26, 2014.

Therebeing no further business to come before the meeting, Mr. Farrar moved and Mr. Green seconded a motion to adjourn the meeting. Motion passed unanimously.

______

Hez Elkins, PresidentRichard Noles, Secretary/Treasurer

Board Meeting Minutes

August 5, 2014

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