17-619.   Powers of sundry companies.That any macadam-road, plank-road, telegraph, hydraulic, irrigating, gascompany, milling or other manufacturing corporation using power, dulychartered and organized, may furnish, sell, let, or lease, for such time assuch corporation may determine, any portion of its water or power or gas toany person or persons or corporation or partnerships who may wish to usethe same, and may convey water in channels, raceways, or pipes, and conveygas or compressed air in pipes, and may transmit power by shafting,belting, belting and pulleys, ropes and pulleys, or by electrical current,or by compressed air; and such corporation may borrow such sums of money asmay be necessary for completing, furnishing or operating its canals,raceways, pipes, dams, mills, or machinery, and may issue and dispose ofits bonds for any amount so borrowed, and may mortgage the corporateproperty and franchise, or any part of the same, to secure the payment ofany debt contracted by the corporation for the purposes aforesaid.

      History:   L. 1876, ch. 58, § 2; L. 1891, ch. 85, § 2; L. 1899, ch. 95, § 2;May 15; R.S. 1923, 17-619.