§ 43 — Powers

New York § 43

• Jurisdiction: New York
• Law TCP: Transportation Corporations
• Art. 4: Water-works Corporations

Text

§ 43. Powers. Every such corporation shall have the following\nadditional powers:\n 1. To lay and maintain its pipes and hydrants for delivering and\ndistributing water in any street, highway or public place of any city,\ntown or village in which it has obtained the consent required by section\nforty-one of this article.\n 2. To lay its water pipes in any streets or avenues or public places\nof an adjoining city, town or village; provided that such right in an\nadjoining city or village having a population of more than twelve\nthousand inhabitants shall be subject to the permission of the local\nauthorities thereof and upon such conditions as they may prescribe.\n 3. To cause examinations and surveys to be made to determine the\nproper location of its waterworks, and for such purpose by its officers,\nagents or servants to enter upon any lands or waters, subject to\nliability for all damages done.\n 4. To enter into appropriate agreements with the secretary of\nagriculture of the United States department of agriculture to operate\nwithout profit for the term specified therein for the purpose of\nqualifying to receive federal assistance pursuant to the consolidated\nfarmers home administration act of nineteen hundred sixty-one and any\nfederal laws amendatory and supplementary thereto. Any such agreement to\noperate without profit shall be subject to the approval of a majority of\nthe stockholders entitled to vote thereat at any regular or special\nstockholders' meeting. Any stockholder so entitled to vote who does not\nvote for or consent in writing to the taking of this action, shall,\nsubject to and by complying with the provisions of section six hundred\ntwenty-three of the business corporation law, have the right to receive\npayment of the fair value of his stock and the other rights and benefits\nprovided by such section.\n