§ 117-45 – Validation.
117-45. Validation. No provision of Article 5 nor any provision thereof shall, or shall be construed to, express or imply the invalidity or invalidation of the incorporation or operations of any electric or telephone membership corporation heretofore organized and operating under Chapter 117 of the General Statutes, including but not limited to North Carolina Electric […]
§ 117-46 – Indemnification of directors, officers, employees, or agents.
117-46. Indemnification of directors, officers, employees, or agents. The powers, authority and requirements as to indemnification, payment of expenses, and purchase of liability insurance for directors, officers, employees and agents, as set out in G.S. 55A-17.1, 55A-17.2 and G.S. 55A-17.3 shall apply to and may be exercised by any corporation formed under this Chapter. The […]
§ 117-30 – Telephone membership corporations.
117-30. Telephone membership corporations. (a) In the event it is ascertained by the Rural Electrification Authority that the community or communities referred to in the foregoing section G.S. 117-29 are in need of telephone service and that there is a sufficient number of persons to be served to justify such services, and the telephone company […]
§ 117-31 – Power of Rural Electrification Authority to prosecute requested investigations.
117-31. Power of Rural Electrification Authority to prosecute requested investigations. In investigating the application filed with the Rural Electrification Authority under the provisions of G.S. 117-30 of this Article, the Rural Electrification Authority shall have the authority to employ such personnel as shall be necessary to conduct surveys; to contact the telephone companies serving the […]
§ 117-32 – Loans from federal agencies; authority of county, etc., to engage in telephone business.
117-32. Loans from federal agencies; authority of county, etc., to engage in telephone business. Whenever any corporation organized under the provisions of this Article desires to secure a grant or loan from any agency of the United States government now in existence or hereafter authorized, it shall apply through the North Carolina Rural Electrification Authority […]
§ 117-33 – Declared public agency of State; taxes and assessments.
117-33. Declared public agency of State; taxes and assessments. A telephone membership corporation heretofore or hereafter organized under this Article shall be, and is hereby declared to be a public agency, and shall have within its limits for which it was formed the same rights as any other political subdivision of the State, and all […]
§ 117-34 – Dissolution.
117-34. Dissolution. Any telephone membership corporation created under this Article may be dissolved by filing, as hereinafter provided, a certificate which shall be entitled and endorsed "Certificate of Dissolution of ______" (the blank space being filled in with the name of the corporation) and shall state: (1) Name of the corporation, and if such corporation […]
§ 117-35 – Article complete in itself and controlling.
117-35. Article complete in itself and controlling. Article 4 is complete in itself and shall be controlling. The provisions of any other law, general, special, or local except as provided in this Article, shall not apply to a telephone membership corporation formed under this Article. (1965, c. 345, s. 2.)
§ 117-41 – Consolidation.
117-41. Consolidation. (a) Any two or more electric membership corporations or any two or more telephone membership corporations, organized and operating under this Chapter (each of which is hereinafter designated a "consolidating corporation"), may consolidate into a new corporation (hereinafter designated the "new corporation"), by complying with the provisions of subsections (b) and (c) hereof […]
§ 117-42 – Merger.
117-42. Merger. (a) Any one or more electric membership corporations or any one or more telephone membership corporations, organized and operating under this Chapter (each of which is hereinafter designated a "merging corporation"), may merge into another like corporation (hereinafter designated the "surviving corporation"), by complying with the provision of G.S. 117-42(b) and (c), and […]