Delaware Statutes
§ 1306 — Public character
An electric company established by contract under this chapter shall constitute a political subdivision and body public and corporate of the State, exercising public powers, separate from the contracting municipalities. It shall have the duties, privileges, immunities, rights, liabilities and disabilities of a public body politic and corporate but shall not have taxing power.
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Legislative History
61 Del. Laws, c. 496, § 1
Nearby Sections
15
§ 1302
Definitions§ 1303
Creation§ 1304
Contract§ 1305
Powers§ 1306
Public character§ 1308
Sale of excess capacity§ 1309
Regulation§ 1310
Bond issues§ 1311
Form and sale of bonds§ 1312
Covenants§ 1313
Refunding bonds§ 1315
Tax exemption