§ 39-16-8 Powers of authority. – The authority shall have power:
(1) To acquire property by voluntary purchase from the owneror owners thereof; and if the authority deems it advisable, to acquire any ofthe properties through the purchase of stock and obligations of a corporationowning the property and the dissolution of the corporation. The owner or ownersof any property which the authority is herein authorized to acquire are herebyauthorized to sell or otherwise transfer the same to the authority, and in thecase of a sale or other transfer of property pursuant to this provision itshall be lawful to dissolve the corporation, any other provision of law to thecontrary notwithstanding.
(2) To own and operate, maintain, repair, improve, enlarge,and extend, in accordance with the provisions of this chapter, any propertyacquired hereunder all of which, together with the acquisition of the property,are hereby declared to be public purposes.
(3) To produce, distribute, and sell water within or withoutthe territorial limits of the district.
(4) To sue and be sued.
(5) To adopt and alter a corporate seal.
(6) To acquire, hold, use, lease, sell, transfer and disposeof any property, real, personal, or mixed, or interest therein for itscorporate purposes, and to mortgage, pledge, or lease any such property;provided, however, that in the case of any sale or proposed sale of any realproperty hereunder, the authority shall first grant to the city or town inwhich the real property, or any part thereof, is situated the right to purchasethe real property, or portion thereof situated within its boundaries, upon thesame terms and conditions as the authority offers or proposes to offer to anyother prospective purchaser.
(7) To make bylaws for the management and regulation of itsaffairs.
(8) To borrow money for any of its corporate purposes,including the creation and maintenance of working capital, and to issuenegotiable bonds, notes, or other obligations and to fund or refund the same.
(9) To fix rates and collect charges for the use of thefacilities of or services rendered by or any commodities furnished by theauthority, such as to provide revenues sufficient at all times to pay, as thesame shall become due, the principal and interest on the bonds of theauthority, together with the maintenance of proper reserves therefor, inaddition to paying, as the same shall become due, the expense of operating andmaintaining the properties of the authority, together with proper reserves fordepreciation, maintenance, and contingencies and all other obligations andindebtedness of the authority. The authority shall charge any city, county, ortown for the use of any facility of or service rendered by or any commoditiesfurnished to it by the authority at rates applicable to other users takingsimilar service.
(10) To contract in its own name for any lawful purpose whichwould effectuate the provisions of this chapter; to execute all instrumentsnecessary to carry out the purposes of this chapter; and to do all thingsnecessary or convenient to carry out the powers expressly granted by thischapter; provided, however, that the full faith, credit, and taxing power ofthe state or of any city, county, town, or other political subdivision shallnever be pledged, nor shall any bond, note, or other evidence of indebtednessof the authority constitute the obligation of the state or of any city, county,town, or other political subdivision, but shall be solely the obligation of theauthority. It is the intention of the legislature that any property acquired bythe authority pursuant to the provisions of this chapter shall be financed as aself-liquidating enterprise, and that any indebtedness incurred by theauthority shall be payable solely from the earnings or revenues derived fromall or part of the property acquired by the authority.
(11) To enter into cooperative agreements with cities,counties, towns, or water companies within or without the district for theinterconnection of facilities or for any other lawful corporate purposesnecessary or desirable to effect the purposes of this chapter.
§ 39-16-8 Powers of authority. – The authority shall have power:
(1) To acquire property by voluntary purchase from the owneror owners thereof; and if the authority deems it advisable, to acquire any ofthe properties through the purchase of stock and obligations of a corporationowning the property and the dissolution of the corporation. The owner or ownersof any property which the authority is herein authorized to acquire are herebyauthorized to sell or otherwise transfer the same to the authority, and in thecase of a sale or other transfer of property pursuant to this provision itshall be lawful to dissolve the corporation, any other provision of law to thecontrary notwithstanding.
(2) To own and operate, maintain, repair, improve, enlarge,and extend, in accordance with the provisions of this chapter, any propertyacquired hereunder all of which, together with the acquisition of the property,are hereby declared to be public purposes.
(3) To produce, distribute, and sell water within or withoutthe territorial limits of the district.
(4) To sue and be sued.
(5) To adopt and alter a corporate seal.
(6) To acquire, hold, use, lease, sell, transfer and disposeof any property, real, personal, or mixed, or interest therein for itscorporate purposes, and to mortgage, pledge, or lease any such property;provided, however, that in the case of any sale or proposed sale of any realproperty hereunder, the authority shall first grant to the city or town inwhich the real property, or any part thereof, is situated the right to purchasethe real property, or portion thereof situated within its boundaries, upon thesame terms and conditions as the authority offers or proposes to offer to anyother prospective purchaser.
(7) To make bylaws for the management and regulation of itsaffairs.
(8) To borrow money for any of its corporate purposes,including the creation and maintenance of working capital, and to issuenegotiable bonds, notes, or other obligations and to fund or refund the same.
(9) To fix rates and collect charges for the use of thefacilities of or services rendered by or any commodities furnished by theauthority, such as to provide revenues sufficient at all times to pay, as thesame shall become due, the principal and interest on the bonds of theauthority, together with the maintenance of proper reserves therefor, inaddition to paying, as the same shall become due, the expense of operating andmaintaining the properties of the authority, together with proper reserves fordepreciation, maintenance, and contingencies and all other obligations andindebtedness of the authority. The authority shall charge any city, county, ortown for the use of any facility of or service rendered by or any commoditiesfurnished to it by the authority at rates applicable to other users takingsimilar service.
(10) To contract in its own name for any lawful purpose whichwould effectuate the provisions of this chapter; to execute all instrumentsnecessary to carry out the purposes of this chapter; and to do all thingsnecessary or convenient to carry out the powers expressly granted by thischapter; provided, however, that the full faith, credit, and taxing power ofthe state or of any city, county, town, or other political subdivision shallnever be pledged, nor shall any bond, note, or other evidence of indebtednessof the authority constitute the obligation of the state or of any city, county,town, or other political subdivision, but shall be solely the obligation of theauthority. It is the intention of the legislature that any property acquired bythe authority pursuant to the provisions of this chapter shall be financed as aself-liquidating enterprise, and that any indebtedness incurred by theauthority shall be payable solely from the earnings or revenues derived fromall or part of the property acquired by the authority.
(11) To enter into cooperative agreements with cities,counties, towns, or water companies within or without the district for theinterconnection of facilities or for any other lawful corporate purposesnecessary or desirable to effect the purposes of this chapter.
§ 39-16-8 Powers of authority. – The authority shall have power:
(1) To acquire property by voluntary purchase from the owneror owners thereof; and if the authority deems it advisable, to acquire any ofthe properties through the purchase of stock and obligations of a corporationowning the property and the dissolution of the corporation. The owner or ownersof any property which the authority is herein authorized to acquire are herebyauthorized to sell or otherwise transfer the same to the authority, and in thecase of a sale or other transfer of property pursuant to this provision itshall be lawful to dissolve the corporation, any other provision of law to thecontrary notwithstanding.
(2) To own and operate, maintain, repair, improve, enlarge,and extend, in accordance with the provisions of this chapter, any propertyacquired hereunder all of which, together with the acquisition of the property,are hereby declared to be public purposes.
(3) To produce, distribute, and sell water within or withoutthe territorial limits of the district.
(4) To sue and be sued.
(5) To adopt and alter a corporate seal.
(6) To acquire, hold, use, lease, sell, transfer and disposeof any property, real, personal, or mixed, or interest therein for itscorporate purposes, and to mortgage, pledge, or lease any such property;provided, however, that in the case of any sale or proposed sale of any realproperty hereunder, the authority shall first grant to the city or town inwhich the real property, or any part thereof, is situated the right to purchasethe real property, or portion thereof situated within its boundaries, upon thesame terms and conditions as the authority offers or proposes to offer to anyother prospective purchaser.
(7) To make bylaws for the management and regulation of itsaffairs.
(8) To borrow money for any of its corporate purposes,including the creation and maintenance of working capital, and to issuenegotiable bonds, notes, or other obligations and to fund or refund the same.
(9) To fix rates and collect charges for the use of thefacilities of or services rendered by or any commodities furnished by theauthority, such as to provide revenues sufficient at all times to pay, as thesame shall become due, the principal and interest on the bonds of theauthority, together with the maintenance of proper reserves therefor, inaddition to paying, as the same shall become due, the expense of operating andmaintaining the properties of the authority, together with proper reserves fordepreciation, maintenance, and contingencies and all other obligations andindebtedness of the authority. The authority shall charge any city, county, ortown for the use of any facility of or service rendered by or any commoditiesfurnished to it by the authority at rates applicable to other users takingsimilar service.
(10) To contract in its own name for any lawful purpose whichwould effectuate the provisions of this chapter; to execute all instrumentsnecessary to carry out the purposes of this chapter; and to do all thingsnecessary or convenient to carry out the powers expressly granted by thischapter; provided, however, that the full faith, credit, and taxing power ofthe state or of any city, county, town, or other political subdivision shallnever be pledged, nor shall any bond, note, or other evidence of indebtednessof the authority constitute the obligation of the state or of any city, county,town, or other political subdivision, but shall be solely the obligation of theauthority. It is the intention of the legislature that any property acquired bythe authority pursuant to the provisions of this chapter shall be financed as aself-liquidating enterprise, and that any indebtedness incurred by theauthority shall be payable solely from the earnings or revenues derived fromall or part of the property acquired by the authority.
(11) To enter into cooperative agreements with cities,counties, towns, or water companies within or without the district for theinterconnection of facilities or for any other lawful corporate purposesnecessary or desirable to effect the purposes of this chapter.
