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Membership Shares:
Applicants much purchase twenty-five (25) Membership Shares at a cost of $1 per share, for a total price of $25; this will entitle applicants to one (1) vote as a shareholder and is a one-time purchase.
Preference Shares:
Preference Shares cost $100 each and must be purchased in quantities of five (5), with a minimum investment of $500. Preference Shares entitle the member to part-ownership in the Lakewind project and to dividends as may be declared by the Board of Directors. Each member is entitled to one vote in the WindShare Co-operative regardless of number of Preference Shares owned.
All new investments require a total minimum investment of $525.
posted by bigmusic at 11:54 AM on May 3, 2007 [1 favorite]