§ 51-41-3. Definitions
As used in this chapter, unless the context otherwise requires: “Board” means the board of directors of the water authority; “Bond” means any bond, promissory note, lease purchase agreement or other evidence of indebtedness of any nature along with all debt securing instruments of every nature related thereto; “Indenture” means a mortgage, an indenture of […]
§ 51-41-5. Construction
This chapter shall be liberally construed in conformity with its intent. All acts and activities of the water authority performed under the authority of this chapter are legislatively determined and declared to be essential governmental functions.
§ 51-41-7. Authority generally
There is conferred upon a water authority, the authority to take such action and to do, or cause to be done, such things as are necessary or desirable to accomplish and implement the purposes and intent of this chapter according to the import of this chapter.
§ 51-41-9. Authority and procedure to incorporate
Whenever a qualified corporation desires to convert into and become reconstituted and reincorporated as a water authority under this chapter, the qualified corporation shall present to and file with the Secretary of State: Its resolution duly adopted by the board of directors of the qualified corporation that evidences the desire of the qualified corporation to […]
§ 51-41-11. Existence of water authority
The application for reconstitution and certificate of incorporation shall be signed and acknowledged by a majority of the board of directors of the qualified corporation. When the application for reconstitution and certificate of incorporation and other required documents have been so filed with and accepted by the Secretary of State, as evidenced by the issuance […]
§ 51-41-13. Board of directors
The water authority shall have a board of directors composed of the number of directors provided in the application for reconstitution and certificate of incorporation, which shall not be fewer than five (5) directors. All powers of the water authority shall be exercised by the board or under its authorization. The directors shall be elected […]
§ 51-41-15. Officers
The officers of the water authority shall consist of a chairman, vice chairman, a secretary, a treasurer, and such other officers as the board deems necessary to accomplish the purposes for which the water authority was organized. All officers of the water authority shall be persons who receive water service from the water authority. The […]
§ 51-41-17. Powers generally
The water authority shall have the following powers, acting either individually or jointly with other water authorities or public entities, together with all powers incidental thereto or necessary to the discharge thereof: To have succession in its designated name; To sue and be sued and to prosecute and defend suits in any court having jurisdiction […]
§ 51-39-5. Definitions
Whenever used in this chapter, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise: “Board” means the board of commissioners of a district. “Cost of project” means: All costs of site preparation and other start-up costs; All costs of construction; All costs of real and […]
§ 51-39-37. Property and revenue of district exempt from taxation
The property and revenue of the district shall be exempt from all state, county and municipal taxation.