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PARRIS N. GLENDENING, Governor
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Ch. 135
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(13) BORROW MONEY AND OTHERWISE CONTRACT INDEBTEDNESS,
ISSUE NOTES, BONDS, AND OTHER EVIDENCES OF INDEBTEDNESS, AND SECURE THE
PAYMENT OF THOSE INSTRUMENTS BY MORTGAGE, PLEDGE, OR DEED OF TRUST, OR
ANY OTHER ENCUMBRANCE ON ANY OF ITS ASSETS, REVENUES, OR INCOME;
(14) CONSTRUCT, MAINTAIN, AND OPERATE ELECTRIC TRANSMISSION
AND DISTRIBUTION LINES ALONG, ON, UNDER, AND ACROSS PUBLICLY OWNED
LANDS, ROADWAYS, AND PUBLIC WAYS, WITH THE PRIOR CONSENT OF THE
GOVERNING BODY OF THE MUNICIPAL CORPORATION OR COUNTY IN WHICH THE
LINES ARE PROPOSED TO BE CONSTRUCTED AND UNDER ANY REASONABLE
REGULATIONS AND CONDITIONS REQUIRED IN THE CONSENT;
(15) EXERCISE THE POWER OF CONDEMNATION IN THE MANNER
PROVIDED BY THE LAW OF THIS STATE FOR THE EXERCISE OF THAT POWER BY
OTHER CORPORATIONS THAT CONSTRUCT OR OPERATE ELECTRIC TRANSMISSION
AND DISTRIBUTION LINES OR SYSTEMS;
(16) BECOME A MEMBER OF OR OWN STOCK IN OTHER COOPERATIVES OR
CORPORATIONS;
(17) CONDUCT ITS BUSINESS AND EXERCISE ITS POWERS IN ANY STATE,
TERRITORY, DISTRICT, AND POSSESSION OF THE UNITED STATES AND IN ANY
FOREIGN COUNTRY;
(18) ADOPT, AMEND, AND REPEAL BYLAWS; AND
(19) DO ANY OTHER ACT AND EXERCISE ANY OTHER POWER THAT MAY BE
NECESSARY, CONVENIENT, OR APPROPRIATE TO ACCOMPLISH THE PURPOSE FOR
WHICH THE COOPERATIVE IS ORGANIZED.
(B) FURNISHING OF COLD STORAGE OR PROCESSING PLANT SERVICE.
A COOPERATIVE THAT FURNISHES ELECTRIC COLD STORAGE OR PROCESSING
PLANT SERVICE IS NOT CONSIDERED TO BE DISTRIBUTING, SELLING, SUPPLYING, OR
DISPOSING OF ELECTRICITY UNDER SUBSECTION (A)(5)(III) OF THIS SECTION SOLELY
ON THAT ACCOUNT.
DRAFTER'S NOTE: This section is new language derived without substantive
change from former Ch. 179, § 4, Acts of 1976, as amended by Ch. 604, Acts of 2001.
In subsection (a)(6) and (7) of this section, the former phrase "and in connection
therewith" is deleted as surplusage.
In subsection (a)(9), (10), and (11) of this section, the defined terms "electric
plants" and "assets" are substituted for the former references to "land, buildings,
structures, dams, plants, and equipment" and "real or personal property, tangible or
intangible", respectively, for brevity.
In subsection (a)(13) of this section, the former references to "real or personal
property" and "franchises" are deleted as included in the defined term "assets".
Also in subsection (a)(13) of this section, the former phrase "then owned or
after-acquired" is deleted as surplusage.
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- 1409 -
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