12-872.Same; sue and be sued; seal; purposes; contracts; limitations.
(a) The authority may sue and be sued in its corporate name but
execution shall not in any case issue against any property of the
authority. It may adopt a common seal and change the same at pleasure.
(b) The purpose of the authority shall be to determine the natural gas
requirements of the city and to provide for natural gas sources necessary
to meet such requirements. To carry out said purpose, the authority shall
have the power to negotiate and, subject to approval of the governing body
of the city, execute contracts for the production, purchase, sale,
transmission and distribution of natural gas in Kansas. Such contracts may
provide for:
(1) The purchase of natural gas at any wellhead in Kansas for the
wellhead cost of the gas and may contain escalator clauses in the event
that any order may be made by any authorized federal or state agency
increasing the wellhead cost of gas;
(2) the transmission of natural gas by any existing pipeline corporation
or public utility;
(3) the sale for resale of natural gas to private distributors located
in the city and the delivery of the gas to the distribution systems of said
private distributors;
(4) the direct sale and delivery of natural gas to industrial,
institutional and commercial consumers within the city; and
(5) the construction and operation of pipelines by pipeline corporations
or public utilities for the use of the authority.
(6) The construction of pipelines by the authority when no pipeline
exists or when existing pipelines have no available space or are inadequate
and when approved by the Kansas corporation commission.
(7) Said contracts may be for a period not to exceed twenty (20) years.
12-872.Same; sue and be sued; seal; purposes; contracts; limitations.
(a) The authority may sue and be sued in its corporate name but
execution shall not in any case issue against any property of the
authority. It may adopt a common seal and change the same at pleasure.
(b) The purpose of the authority shall be to determine the natural gas
requirements of the city and to provide for natural gas sources necessary
to meet such requirements. To carry out said purpose, the authority shall
have the power to negotiate and, subject to approval of the governing body
of the city, execute contracts for the production, purchase, sale,
transmission and distribution of natural gas in Kansas. Such contracts may
provide for:
(1) The purchase of natural gas at any wellhead in Kansas for the
wellhead cost of the gas and may contain escalator clauses in the event
that any order may be made by any authorized federal or state agency
increasing the wellhead cost of gas;
(2) the transmission of natural gas by any existing pipeline corporation
or public utility;
(3) the sale for resale of natural gas to private distributors located
in the city and the delivery of the gas to the distribution systems of said
private distributors;
(4) the direct sale and delivery of natural gas to industrial,
institutional and commercial consumers within the city; and
(5) the construction and operation of pipelines by pipeline corporations
or public utilities for the use of the authority.
(6) The construction of pipelines by the authority when no pipeline
exists or when existing pipelines have no available space or are inadequate
and when approved by the Kansas corporation commission.
(7) Said contracts may be for a period not to exceed twenty (20) years.
12-872.Same; sue and be sued; seal; purposes; contracts; limitations.
(a) The authority may sue and be sued in its corporate name but
execution shall not in any case issue against any property of the
authority. It may adopt a common seal and change the same at pleasure.
(b) The purpose of the authority shall be to determine the natural gas
requirements of the city and to provide for natural gas sources necessary
to meet such requirements. To carry out said purpose, the authority shall
have the power to negotiate and, subject to approval of the governing body
of the city, execute contracts for the production, purchase, sale,
transmission and distribution of natural gas in Kansas. Such contracts may
provide for:
(1) The purchase of natural gas at any wellhead in Kansas for the
wellhead cost of the gas and may contain escalator clauses in the event
that any order may be made by any authorized federal or state agency
increasing the wellhead cost of gas;
(2) the transmission of natural gas by any existing pipeline corporation
or public utility;
(3) the sale for resale of natural gas to private distributors located
in the city and the delivery of the gas to the distribution systems of said
private distributors;
(4) the direct sale and delivery of natural gas to industrial,
institutional and commercial consumers within the city; and
(5) the construction and operation of pipelines by pipeline corporations
or public utilities for the use of the authority.
(6) The construction of pipelines by the authority when no pipeline
exists or when existing pipelines have no available space or are inadequate
and when approved by the Kansas corporation commission.
(7) Said contracts may be for a period not to exceed twenty (20) years.