12-2701.   Definitions.As used in this act:

      (a)   The term "municipality" means any city of the first, second or thirdclass owning and operating a water distribution system or any township orimprovement district owning and operating a water distribution system, andwhich city, township or improvement district is located in a county havinga population of not less than thirty thousand (30,000) nor more than fortythousand (40,000) with an assessed taxable tangible valuation of not lessthan seventy-eight million dollars ($78,000,000) nor more than ninetymillion dollars ($90,000,000).

      (b)   The term "governing body" as applied to a city means the mayor andcouncil or mayor and commissioners, as the case may be, and as applied to atownship means the township clerk, the township treasurer and the townshiptrustee acting as a board, and as applied to an improvement district meansthe board of directors of such improvement district acting as a board.

      (c)   The word "corporation" means a private corporation which is, orcontemplates becoming, a water customer of a municipality and which entersinto a contract with such municipality under the provisions of this act, orany board of education, rural high-school district, community high-schooldistrict or common-school district which is, or contemplates becoming, awater customer of a municipality and which enters into a contract with suchmunicipality under the provisions of this act; and any such board ofeducation, rural high-school district, community high-school district orcommon-school district shall have power to enter into contracts under theprovisions of this act to remain in force as long as any bonds issued byany municipality under the provisions of this act shall be outstanding.

      History:   L. 1955, ch. 87, § 1; April 14.