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<SEC-DOCUMENT>0001299933-06-007859.txt : 20061205
<SEC-HEADER>0001299933-06-007859.hdr.sgml : 20061205
<ACCEPTANCE-DATETIME>20061205151423
ACCESSION NUMBER:		0001299933-06-007859
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061201
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:		20061205
DATE AS OF CHANGE:		20061205

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:		061257207

	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>htm_16787.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> CHS Inc. (Form: 8-K) </TITLE>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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<P ALIGN="CENTER">
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	FORM 8-K
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<FONT SIZE="3">
	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	&nbsp;
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	&nbsp;
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	December 1, 2006
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	CHS Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	&nbsp;
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	Minnesota
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	0-50150
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	41-0251095
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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	5500 Cenex Drive, Inver Grove Heights, Minnesota
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	&nbsp;
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	55077
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	&nbsp;
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	651-355-6000
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</TR>
</TABLE>
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
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:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
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<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
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<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
CHS Inc. (the "Company") held its Annual Meeting November 30-December 1, 2006, and the following directors were re-elected to the Board of Directors for a three-year term:  Duane Stenzel, Michael Mulcahey, Steve Fritel, and James Kile.  In addition, David Kayser was elected to a three-year term, replacing retiring director Merlin Van Walleghen; Daniel Schurr was elected to the remaining two-year term vacated by former director Glen Keppy; Donald Anthony was elected to the three-year term vacated by former director Robert Elliott; and Steve Riegel was elected to a new Region 8 position with an initial one-year term.  (The new Region 8 position was created through the elimination of the Region 6 director position formerly held by David Bielenberg.)  The following directors&#x2019; terms of office continued after the meeting:  Bruce Anderson, Robert Bass, Dennis Carlson, Curt Eischens, Robert Grabarski, Jerry Hasnedl, Randy Knecht, Richard Owen, and Michael Toelle.      <br><br>
</FONT>
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<FONT SIZE="2">
<B>
	Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
The Company&#x2019;s members adopted a resolution to amend the Company&#x2019;s Articles of Incorporation during its Annual Meeting held November 30-December 1, 2006, to reflect a change in the Company&#x2019;s right of offset against certain equities standing on its books.  This right of offset does not affect the Company's 8% Cumulative Redeemable Preferred Stock.  When there is a debt outstanding to the Company, it is able to offset any equity certificates, patronage and other equity interests against the indebtedness of the member-owner.  The amendment allows the Company to establish "present value" for the equity certificates, patronage or other equity interests when performing the offset.  The board of directors will determine the definition of "present value" on a periodic basis. <br><br>
</FONT>
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<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
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<FONT SIZE="2">
c) The following exhibit is being fled with this report:<br><br>3.1 Amendment to the Articles of Incorporation of CHS Inc.
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<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	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.
</FONT>
</P>
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	CHS Inc.
</FONT>
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<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<I>
	December 5, 2006
</I>
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
<I>
	By:
</I>
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</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<I>
	/s/ John Schmitz
</I>
<BR>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<HR SIZE="1" NOSHADE>
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	Name: John Schmitz
</I>
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	&nbsp;
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	&nbsp;
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<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
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	Exhibit&nbsp;Index
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<B>
	Exhibit No.
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	&nbsp;
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	Description
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	3.1
</DIV>
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	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
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3.1 Amendment to the Articles of Incorporation of CHS Inc.
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<TYPE>EX-3.1
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<FILENAME>exhibit1.htm
<DESCRIPTION>EX-3.1
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 14pt"><B>Amendment to the Articles of Incorporation of<BR>
CHS Inc.</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt">RESOLVED, That the Articles of Incorporation be and hereby are amended so that the identified
provision reads as follows, deletions shown by &#091;brackets&#093; and additions by <U>underscore</U>:
</FONT>

<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt"><U>Article&nbsp;VI</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 4%"><U>First Lien</U>. This cooperative shall have a first lien on all
certificates of equity, patronage capital and other equity interests standing on its
books (including any earned but not allocated capital equity to be issued to members
as patronage refunds), for all indebtedness of the respective holders or owners
thereof to this cooperative. This cooperative shall also have the right,
exercisable at the option of the Board of Directors, to set off such indebtedness
against the &#091;face amount&#093; <U>present value</U> of such equity interests <U>as
determined from time to time by the Board of Directors</U>; provided, however, that
nothing contained herein shall give the holder of such equity interests any right to
have such set off made.


<P align="left" style="font-size: 12pt">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: 12pt">Adopted by Members: 12/01/06



<P align="center" style="font-size: 10pt; display: none">


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