Boards for Operation of Water, Sewer, Gas and Electric Systems | MidpageBoards for Operation of Water, Sewer, Gas and Electric Systems
11-50-310Definitions.11-50-311Application for Authority to Incorporate; Adoption of Resolution by Municipal Governing Body Authorizing Incorporation.11-50-312Acknowledgment, Filing and Recordation of Certificate of Incorporation; Amendment of Certificate of Corporation Formed Under This Article or Under Division 1 of Article 8 of This Chapter.11-50-313Board of Directors. (Amended by Act 2026-572)11-50-314Powers of Corporation Generally; Provisions in Mortgages, Deeds of Trust, or Pledge Agreements Executed by Corporation as to Rights of Parties Thereto, Etc.11-50-315Execution, Etc., of Contracts as Security for Repayment of Moneys Borrowed.11-50-316Execution, Sale, Etc., of Bonds and Refunding Bonds of Corporation; Terms, Denominations, Etc., Thereof; Charge, Application, Etc., of Revenues from Systems for Payment of Bonds, Etc., Generally; Vesting of Title to Systems in Municipality and Dissolution of Corporation Upon Payment of Bonds in Full, Etc.11-50-317Pledge of Revenues from and Mortgaging of Systems for Payment of Bonds.11-50-318Disposition of Proceeds from Sale of Bonds.11-50-319Exemption from Usury and Interest Statutes.11-50-320Acquisition, Operation, Etc., of Systems Located in Another Municipality; Execution of Contract for Conveyance of System in Other Municipality Thereto Upon Payment in Full of Indebtedness of Corporation as to Such Systems.11-50-321Consolidation of Systems.11-50-322Exemption from Taxation of Bonds, Property, and Income of Corporation; Other Exemptions.11-50-323Construction of Article; Jurisdiction, Etc., of State Board of Health and State Public Service Commission.11-50-324Applicability of Provisions of Sections 11-50-230 through 11-50-273 and Sections 37-4-60 through 37-4-65.