Section 9-41A-30 – Powers over personal property.
9-41A-30. Powers over personal property. A municipal power agency may acquire, own, hire, use, operate, and dispose of personal property. Source: SL 1978, ch 66, §20.
Section 9-41A-31 – Powers over real property.
9-41A-31. Powers over real property. A municipal power agency may acquire, own, use, lease as lessor or lessee, operate, and dispose of real property and interests in real property, and make improvements thereon. Source: SL 1978, ch 66, §21.
Section 9-41A-32 – Power of eminent domain.
9-41A-32. Power of eminent domain. A municipal power agency may exercise the power of eminent domain in accordance with §§9-41A-51 and 9-41A-52. Source: SL 1978, ch 66, §25.
Section 9-41A-33 – Franchises and leases of facilities.
9-41A-33. Franchises and leases of facilities. A municipal power agency may grant the use by franchise, lease, or otherwise, and make charges for the use of any property or facility owned or controlled by it. Source: SL 1978, ch 66, §22.
Section 9-41A-34 – Encumbrance of property to secure obligations.
9-41A-34. Encumbrance of property to secure obligations. A municipal power agency may mortgage, pledge, and grant a security interest in any or all of its real and personal property to secure the payment of its bonds, notes, or other obligations or contracts. Source: SL 1978, ch 66, §31.
Section 9-41A-35 – Insurance against losses to property.
9-41A-35. Insurance against losses to property. A municipal power agency may procure insurance against any losses in connection with its property, operations, or assets in such amounts and from such insurers as it deems desirable. Source: SL 1978, ch 66, §29.
Section 9-41A-36 – Payments in lieu of property tax–Valuation of property.
9-41A-36. Payments in lieu of property tax–Valuation of property. A municipal power agency shall pay to each taxing agency within whose taxing jurisdiction its property is situated, in lieu of taxes on its property, the amounts of the taxes which would be payable if its property were owned by a private person. For this purpose […]
Section 9-41A-37 – Powers incidental to purposes of chapter.
9-41A-37. Powers incidental to purposes of chapter. A municipal power agency may exercise all other powers reasonably necessary or appropriate for or incidental to the effectuation of its authorized purposes or to the exercise of any of the powers enumerated in §§9-41A-17 to 9-41A-37, inclusive, and generally may exercise in connection with its property and […]
Section 9-41A-12 – Composition and powers of board of directors–Terms of office–Filling of vacancies.
9-41A-12. Composition and powers of board of directors–Terms of office–Filling of vacancies. The agency agreement or the bylaws may prescribe the number, term of office, powers, authority, and duties of directors, the time and place of their meetings, and other regulations concerning directors. Unless the agency agreement or bylaws prescribe otherwise, the term of office […]
Section 9-41A-13 – Meetings of directors–Quorum.
9-41A-13. Meetings of directors–Quorum. Unless the agency agreement or bylaws prescribe otherwise, a meeting of the board of directors may be held at any place, within or without the state, designated by the board, after notice, and an act of the majority of the directors present at a meeting at which a quorum is present […]