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CHAPTER 9-41A

MUNICIPAL POWER AGENCIES

9-41A-1      Definition of terms.
9-41A-2      Formation of agency by agency agreement.
9-41A-3      Contents of agency agreement.
9-41A-4      Filing of agency agreement and resolutions--Certificate issued.
9-41A-5      Commencement of corporate existence--Certificate as evidence of incorporation.
9-41A-6      Powers of city representatives--Meetings--Quorum.
9-41A-7      Expenses of formation of agency--City representatives' expenses.
9-41A-8      Amendment of agency agreement--Ratification and filing.
9-41A-9      Initial meeting of directors.
9-41A-10      Adoption of bylaws--Contents.
9-41A-11      Registered office of agency--Change of location.
9-41A-12      Composition and powers of board of directors--Terms of office--Filling of vacancies.
9-41A-13      Meetings of directors--Quorum.
9-41A-14      Appointment of officers of agency--Removal--Powers and duties.
9-41A-15      Employee unions and collective bargaining.
9-41A-16      Indemnity of officers and employees for official acts--Liability insurance for protection.
9-41A-17      Powers exercised by directors--Good faith required.
9-41A-18      Action through agents or by contract.
9-41A-19      Acquisition, maintenance, and improvement of projects--Agency.
9-41A-20      Investigation, surveys, and estimates of additional sources of energy.
9-41A-21      Cooperation with others in development of energy sources.
9-41A-22      Applications to regulatory agencies--Compliance with requirements.
9-41A-23      Determination of location and character of projects.
9-41A-24      Contracts for project construction and sale of energy.
9-41A-25      Purchase, sale, and transmission of electric energy--Agreements.
9-41A-26      Powers over money.
9-41A-27      Acceptance of loans and grants--Compliance with conditions.
9-41A-28      Borrowing power--Bonds and notes.
9-41A-29      Investment of funds.
9-41A-30      Powers over personal property.
9-41A-31      Powers over real property.
9-41A-32      Power of eminent domain.
9-41A-33      Franchises and leases of facilities.
9-41A-34      Encumbrance of property to secure obligations.
9-41A-35      Insurance against losses to property.
9-41A-36      Payments in lieu of property tax--Valuation of property.
9-41A-37      Powers incidental to purposes of chapter.
9-41A-38      Bonds and notes authorized--Purposes.
9-41A-39      Terms of bonds and notes.
9-41A-40      Bonds and notes payable solely from agency revenues--State and first or second class municipalities not obligated.
9-41A-41      Agency funds pledged for security of bonds and notes.
9-41A-42      State approval not required for bonds and notes--Establishment and pledge of rents and charges.
9-41A-43      Negotiability of bonds and notes.
9-41A-44      Continuing validity of officers' signatures on bonds and notes--Temporary bonds.


9-41A-45      Sale of bonds and notes.
9-41A-46      Bonds and notes as legal investments for public, corporate and fiduciary funds.
9-41A-47      Trust indenture or security agreement as contract with holders of bonds or notes--Contents.
9-41A-48      Encumbrance of property to secure bonds and notes--Filings.
9-41A-49      Officers and members of agency not personally liable on bonds or notes.
9-41A-50      Repurchase of bonds and notes--Cancellation or resale.
9-41A-51      Condemnation under power of eminent domain--Continuing power.
9-41A-52      Property already used for electric power not subject to condemnation.
9-41A-53      Exemption from bidding and performance bond requirements applicable to public contracts.
9-41A-54      Establishment of rates, charges and reserves.
9-41A-55      Pledge of revenues to bonds, notes and contractual obligations.


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