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<SEC-DOCUMENT>0000950134-04-019307.txt : 20041215
<SEC-HEADER>0000950134-04-019307.hdr.sgml : 20041215
<ACCEPTANCE-DATETIME>20041215102552
ACCESSION NUMBER:		0000950134-04-019307
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041210
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041215
DATE AS OF CHANGE:		20041215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHS INC
		CENTRAL INDEX KEY:			0000823277
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				410251095
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50150
		FILM NUMBER:		041203476

	BUSINESS ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077
		BUSINESS PHONE:		651-355-6000

	MAIL ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENEX HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19980611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19961212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c90481e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT</B>

<P align="center" style="font-size: 12pt"><B>PURSUANT TO SECTION 13 OR 15(d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B>

<P align="center" style="font-size: 12pt"><B>Date of Report: December&nbsp;10, 2004<BR>
(Date of earliest event reported)</B>

<P align="center" style="font-size: 24pt"><B>CHS Inc.</B>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<P align="center" style="font-size: 10pt">Commission File Number: 0-50150



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="25%" align="center">


<DIV align="center">
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    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Minnesota</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>41-0251095</B></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>5500 Cenex Drive</B><BR></TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>Inver Grove Heights, Minnesota 55077</B><BR></TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Address of principal executive offices, including zip code)<BR></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>(651)&nbsp;355-6000</B><BR></TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Registrant&#146;s telephone number, including area code)<BR></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>Not Applicable</B><BR></TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Former name or former address, if changed since last report)<BR></TD>
</TR>

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</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

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<TR valign="top">
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17
CFR 230.425)</TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
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<TR valign="top">
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR
240.14a-12)</TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%" style="font-size: 10pt">
<TR>
    <TD width="2%">&nbsp;</TD>
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    <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
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</TR>
<TR valign="top">
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>
</DIV>


<P>
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5.02</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;5.03</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;9.01 Financial Statements and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="c90481exv3w1.htm">Resolution of the Board of Directors to Amend Bylaws</A></TD></TR>
</TABLE>
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<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.02</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHS Inc. (the &#147;Company&#148;) held its Annual Meeting December 9-10, 2004, and the
following directors were re-elected to the Board of Directors for a three-year
term: Robert Bass, Dennis Carlson, Randy Knecht and Michael Toelle. The
following directors&#146; terms of office continued after the meeting: Bruce
Anderson, David Bielenberg, Curt Eischens, Robert Elliott, Steve Fritel, Robert
Grabarski, Jerry Hasnedl, Glen Keppy, James Kile, Michael Mulcahey, Richared
Own, Duane Stenzel and Merlin Van Walleghen.

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<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.03</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Members adopted a resolution to amend the Company&#146;s Bylaws during
its Annual Meeting held December 9-10, 2004, to reflect a change in Member
voting and a change in director qualifications.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amendment removed the requirement that a Member intending to exercise their
individual vote was to obtain a certificate signed by the manager of the
facility patronized by that Member certifying that such Individual Member is a
member of the cooperative. The amendment also removed the prohibition against
a split vote.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the amendment removed the director qualification that the
candidate must currently be serving or shall have served at least one full term
as a director of a Cooperative Association of the Company, and added a
qualification that the candidate obtain a written endorsement of a locally
elected producer board located within the region from which the individual is
to be a candidate. The amendment also provides that certain of the eligibility
requirements for directors must be met at all times commencing six months prior
to election and while the director holds office.


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<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The following exhibit is being filed with this report:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Resolution of the Board of Directors of CHS Inc. to amend the
Bylaws of the Company
</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
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<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

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    <TD width="1%">&nbsp;</TD>
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    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">CHS INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ John Schmitz
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">John Schmitz&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">Executive Vice President and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Date: December&nbsp;15, 2004


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left"><A NAME="004"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>



<DIV align="center">
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<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="1"><B>Exhibit No.</B><HR size="1" noshade></TD>
<TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resolution of the Board of Directors of CHS Inc. to amend the
Bylaws of the Company</TD>
</TR>

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<DESCRIPTION>RESOLUTION OF THE BOARD OF DIRECTORS TO AMEND BYLAWS
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<P align="right" style="font-size: 10pt"><B>EXHIBIT 3.1</B>



<P align="center" style="font-size: 10pt"><B>RESOLUTION OF THE BOARD OF DIRECTORS<BR>
of<BR>
CHS Inc.</B>



<P align="left" style="font-size: 10pt">RESOLVED, that this Board of Directors hereby unanimously recommends to the
Members at the 2004 Annual Meeting of Members the adoption of the resolution
which is attached and marked Exhibit &#147;A&#148;.


<P align="left" style="font-size: 10pt">Adopted: 07/08/04



<P align="center" style="font-size: 10pt">&nbsp;
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<P align="center" style="font-size: 10pt"><B>Exhibit &#147;A&#148;</B>


<P align="left" style="font-size: 10pt">RESOLVED, that the Bylaws be and hereby are amended so that the identified
provisions read as follows, deletions shown by
<STRIKE>strike-out</STRIKE> and additions by
<U>underscore</U>:

<P align="left" style="font-size: 10pt">1. &nbsp;&nbsp;&nbsp; <U>Article&nbsp;II, Section&nbsp;3(b).</U>



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;(b) <U><B>Individual Members and Defined Members</B></U><B>. </B>Each Individual Member
and each Defined Member shall have one (1)&nbsp;vote; provided, however, that,
except as such Individual Member or such Defined Member shall cast a vote
individually in person at an annual or special meeting (as hereinafter
provided), or by mail when a mail ballot has been provided for, and
except for votes of Defined Members for elections to Defined Member
Boards, such Individual Member or Defined Member may be grouped with
other Individual Members and Defined Members in local units (hereinafter
referred to as &#147;Patrons&#146; Associations&#148;) as may be established from time
to time by the Board of Directors of this cooperative. An Individual
Member or a Defined Member grouped in a Patrons&#146; Association may,
however, elect to exercise <STRIKE>such Individual Member&#146;s or Defined
Member&#146;s</STRIKE><U>their</U> vote individually in which case such Individual Member
shall have one (1)&nbsp;vote<STRIKE> only after obtaining a certificate on a form
provided by this cooperative and signed by the manager of the line
elevator, feed mill or other facility patronized by such Individual
Member, certifying that such Individual Member is a member of this
cooperative.</STRIKE> A<U>n Individual Member or a </U>Defined Member who intends to
exercise <STRIKE>such Defined Member&#146;s</STRIKE><U>their</U> vote individually hereunder shall be
entitled to do so after giving notice of such intent to this cooperative<STRIKE>on a form provided</STRIKE><U>in the manner prescribed</U> by <U>the Board of Directors of</U>
this cooperative. <STRIKE>Such certificate or notice (as the case may be) shall
be sent to this cooperative by such member or manager no less than ten
(10)&nbsp;days or more before the annual or special meeting concerned,
provided that in the discretion of the Credentials Committee, any
certificates or notices (as the case may be) sent thereafter may also be
honored.</STRIKE>



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If an Individual Member or a Defined Member elects to cast their
vote individually, such Member&#146;s business transacted with and equity held
by such Member in this Company shall be excluded from determining the
number of votes held by such Member&#146;s Patrons&#146; Association pursuant to
Sections&nbsp;3(c)(i) and 3(c)(ii) below.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Defined Member shall have one (1)&nbsp;vote for the election of
Defined Member Boards, which shall be cast individually in person at an
annual or special meeting (as hereinafter provided), or by mail when a
mail ballot has been provided for.&#148;


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">2. &nbsp;&nbsp;&nbsp; <U>Article&nbsp;II, Section&nbsp;4(d)</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;(d)&nbsp;The mail vote of a Cooperative Association Member shall be cast
as determined by the Board of Directors of the Cooperative Association
Member <STRIKE>and the voting power of such mail vote may not be split between
yes and no votes, unless expressly authorized by the Board of Directors
of this cooperative in the notice of the meeting which provides for the
mail vote.</STRIKE> The mail ballot used by a Cooperative Association Member to
cast its vote shall contain the certificate of the secretary or the
president of the Cooperative Association Member that the vote shown
thereon is so cast by the direction of said member&#146;s Board of Directors
and stating such supporting information as may be prescribed by the Board
of Directors of this cooperative.&#148;

<P align="left" style="font-size: 10pt">3. &nbsp;&nbsp;&nbsp; <U>Article&nbsp;II, Section&nbsp;4(f)</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;(f)&nbsp;The mail vote cast by each Individual Member or Defined Member
of this cooperative shall be on such form of ballot as may be prescribed
by the Board of Directors of this cooperative<STRIKE>, and shall include (i)&nbsp;in
the case of Individual Members, the certificate that such member is a
member of this cooperative; and (ii)&nbsp;in the case of a Defined Member, the
notice of intent to vote individually, in either case as provided for in
Section 3(b) of this Article&nbsp;II.</STRIKE>&#148;

<P align="left" style="font-size: 10pt">4. &nbsp;&nbsp;&nbsp; <U>Article&nbsp;III, Section&nbsp;2</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Section&nbsp;2 &#151; </B><U><B>Director Qualifications</B></U><B>. </B>The qualifications for the
office of director shall be as follows:



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>(a)&nbsp;At the time of declaration of candidacy, the individual (except
in the case of an incumbent) must have the written endorsement of a
locally elected producer board that is a part of the CHS system and
located within the Region from which the individual is to be a candidate.</U>



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(a)</STRIKE><U>(b)</U> At the time of the election, the individual must be less than
the age of 68.



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The remaining qualifications set forth in subsections (c)&nbsp;through
(f)&nbsp;below must be met at all times commencing six months prior to the
time of election and while the individual holds office.</U>



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(b)</STRIKE><U>(c)</U> The individual must be a member of this cooperative or a
member of a Cooperative Association Member.



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(c)</STRIKE><U>(d)</U> The individual must reside in the Region from which he or she
is to be elected.


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<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(d)</STRIKE><U>(e)</U> The individual must be an active farmer or rancher. For
purposes of this section, &#147;active farmer or rancher&#148; means an individual
whose primary occupation is that of a farmer or rancher.



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(e)</STRIKE><U>(f)</U> The definition of &#147;farmer or rancher&#148; shall not include
anyone who is a<U>n</U> <STRIKE>full-time</STRIKE> employee of this cooperative, or of a
Cooperative Association Member.



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(f)&nbsp;The individual must currently be serving or shall have served at
least one full term as a director of a Cooperative Association Member of
this cooperative.</STRIKE>



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<STRIKE>(g)&nbsp;The qualifications set forth in this Section&nbsp;2 shall become
effective immediately upon the adoption of these Bylaws, except that the
qualifications in (f)&nbsp;above shall not apply to any individual serving as
a director of this cooperative on the date of said adoption.&#148;</STRIKE>

<P align="left" style="font-size: 10pt">RESOLVED FURTHER, that Management of this Association be and hereby is
authorized to take all action and execute and deliver all documents,
instruments, certificates and writings necessary or appropriate to carry out
the foregoing resolution.


<P align="left" style="font-size: 10pt">Adopted by Members: 12/10/04




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