Section 9-41A-4 – Filing of agency agreement and resolutions–Certificate issued.
9-41A-4. Filing of agency agreement and resolutions–Certificate issued. The agency agreement and a certified copy of the resolution of the governing body of each first or second class municipality shall be filed with the secretary of state. If the agency agreement conforms to the requirements of this section, the secretary of state shall record it […]
Section 9-41A-5 – Commencement of corporate existence–Certificate as evidence of incorporation.
9-41A-5. Commencement of corporate existence–Certificate as evidence of incorporation. Upon the issuance of the certificate of incorporation, the existence of the municipal power agency as a political subdivision of the state and a municipal corporation shall begin. The certificate of incorporation shall be conclusive evidence of the due and valid incorporation of the municipal power […]
Section 9-41A-6 – Powers of city representatives–Meetings–Quorum.
9-41A-6. Powers of city representatives–Meetings–Quorum. Except as otherwise provided in the agency agreement or the bylaws, the duly authorized representatives of each member first or second class municipality shall act as, and vote on behalf of, the municipality. An alternate representative may be appointed by a member municipality and, in the absence of the representative, […]
Section 9-41A-7 – Expenses of formation of agency–City representatives’ expenses.
9-41A-7. Expenses of formation of agency–City representatives’ expenses. Each member first or second class municipality may appropriate money for the payment of expenses of the formation of the municipal power agency and of its representative in exercising its functions as a member of the agency. Source: SL 1978, ch 66, §12; SL 1992, ch 60, […]
Section 9-41A-8 – Amendment of agency agreement–Ratification and filing.
9-41A-8. Amendment of agency agreement–Ratification and filing. The agency agreement may be amended as proposed at any meeting of the representatives of the members for which notice, stating the purpose, shall be given to each representative and, unless the agency agreement or bylaws require otherwise, shall become effective when ratified by resolutions of a majority […]
Section 9-41A-9 – Initial meeting of directors.
9-41A-9. Initial meeting of directors. After commencement of existence, the first meeting of the board of directors shall be held at the call of the directors, after notice, for the purpose of adopting the initial bylaws, electing officers, and for any other business that comes before the meeting. Source: SL 1978, ch 66, §5.
Section 9-41A-10 – Adoption of bylaws–Contents.
9-41A-10. Adoption of bylaws–Contents. The bylaws of the municipal power agency, and any amendments thereto, shall be proposed by the board of directors and shall be adopted by the representatives of the member first and second class municipalities, at a meeting held after notice. Subject to the provisions of the agency agreement, the bylaws shall […]
Section 9-41A-11 – Registered office of agency–Change of location.
9-41A-11. Registered office of agency–Change of location. Every municipal power agency shall maintain an office in this state to be known as its registered office. When a municipal power agency desires to change the location of its registered office, it shall file with the secretary of state a certificate of change of location of the […]
Section 9-41-8 – Pledge of telephone revenues to separate fund–Separate account for bond payments and reserve–Depreciation account and operational expenses.
9-41-8. Pledge of telephone revenues to separate fund–Separate account for bond payments and reserve–Depreciation account and operational expenses. At or before the issuance of such revenue bonds, the governing body by ordinance or resolution shall set aside, appropriate, and pledge the income and revenues of its telephone lines and facilities, or such specified portion thereof […]
Section 9-41-9 – Rates supervised by Public Utilities Commission–Sufficient for bond retirement and operation.
9-41-9. Rates supervised by Public Utilities Commission–Sufficient for bond retirement and operation. The rates to be charged by the municipality for the telephone service shall be subject to the supervision of the Public Utilities Commission and shall be sufficient to provide for the payment of interest upon all bonds and to create a debt service […]