§ 14 — Powers

§ 14. Powers. A cooperative shall have power:\n (a) To sue and be sued in its corporate name;\n (b) To have perpetual existence;\n (c) To adopt a corporate seal and alter the same;\n (d) To generate, manufacture, purchase, acquire, accumulate and\ntransmit electric energy, and to distribute, sell, supply, and dispose\nof electric energy to its members, to governmental agencies and\npolitical subdivisions, and to other persons not in excess of ten per\ncentum of the number of its members, provided, however, that such other\npersons shall become members within one year after they commence taking\nelectric service from the cooperative; and provided, further however,\nthat the furnishing by a cooperative of electric cold storage or\nprocessing plant service shall not be deemed to be distributing,\nselling, supplying or disposing of electric energy, and provided,\nfurther however, that a cooperative shall not distribute, sell, supply\nor dispose of electric energy to any premises or building receiving and\nusing central station electric service or entitled to receive such\nservice as provided by section twelve of the transportation corporations\nlaw on the effective date of this chapter or to any premises or\nbuildings hereafter served by any person, corporation or municipality\nsupplying central station electric service, if no co-operative service\nis available to such premises or building at the time of such\ninstallation, without the consent of the person, corporation, or\nmunicipality supplying or required by said section twelve of the\ntransportation corporations law to supply such central station electric\nservice;\n (e) To assist persons to whom electric energy is or will be supplied\nby the cooperative in wiring their premises and in acquiring and\ninstalling electrical and plumbing appliances, equipment, fixtures and\napparatus by making loans therefor, and in connection therewith to wire,\nor cause to be wired, such premises, and to purchase, acquire, lease as\nlessor or lessee, sell, distribute, install and repair such electric and\nplumbing appliances, equipment, fixtures and apparatus;\n (f) To assist persons to whom electric energy is or will be supplied\nby the cooperative in constructing, equipping, maintaining and operating\nelectric cold storage or processing plants, by making loans therefor;\n (g) To construct, purchase, lease as lessee, or otherwise acquire, and\nto equip, maintain, and operate, and to sell, assign, convey, lease as\nlessor, mortgage, pledge, or otherwise dispose of or encumber, electric\ntransmission and distribution lines or systems, electric generating\nplants, electric cold storage or processing plants, lands, buildings,\nstructures, dams, plants and equipment, and any other real or personal\nproperty, tangible or intangible, which shall be deemed necessary,\nconvenient or appropriate to accomplish the purpose for which the\ncooperative is organized;\n (h) To purchase, lease as lessee, or otherwise acquire, and to use,\nand exercise and to sell, assign, convey, mortgage, pledge or otherwise\ndispose of or encumber, franchises, rights, privileges, licenses and\neasements;\n (i) To borrow money and otherwise contract indebtedness, and to issue\nnotes, bonds, and other evidences of indebtedness, and to secure the\npayment thereof by mortgage, pledge, or deed of trust of, or any other\nencumbrance upon, any or all of its then owned or after-acquired real or\npersonal property, assets, franchises, revenues or income;\n (j) To construct, maintain and operate electric transmission and\ndistribution lines along, upon, under and across publicly owned lands\nand public thoroughfares, including, without limitation, all roads,\nhighways, streets, alleys, bridges and causeways, upon obtaining from\nthe state or the county, town, village or other appropriate municipality\nthe rights, franchises, permissions or consents therefor required by\nlaw, provided, however, that the approval or consent of the public\nservice commission shall not be necessary to the obtaining of any such\nright, franchise, permission or consent or to the exercise thereof or of\nany right or privilege thereunder;\n (k) To exercise the power of eminent domain in the manner provided by\nthe laws of this state for the exercise of such power by other\ncorporations constructing or operating electric transmission and\ndistribution lines or systems;\n (l) To become a member of other cooperatives or corporations or to own\nstock therein;\n (m) To conduct its business and exercise its powers within or without\nthis state;\n (n) To adopt, amend and repeal by-laws; and\n (o) To do and perform any other acts and things, and to have and\nexercise any other powers which may be necessary, convenient or\nappropriate to accomplish the purpose for which the cooperative is\norganized.\n