The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1939-09-07

to any person residing within any
town. city or area which person IS
receiving adequate central station
service or who at the time of COM
mencing such service, or offer to
serve. by a cooperative, is receiving
adequate central station service from
any utility agency, privately or mu-
hicipally owned individual partner
ship or corporation.
te) To make loans to persons TO
whom electric energy is or will be
supplied by the cooperative for the
purpose of. and otherwise to assist
such person in, writing their prem
iSes and installing therein electric
and plumbing fixtures. appliances,
apnaratus and equipment of any and
all kinds and character, and in con-
nection Herewith. to purchase, ac-
quire. lease. sell, distribute, install
and repair such electric and plumb
ing fixturees, appliances, apparatus
and equipment, and to accept other
wise acquire, and to sell, assign,
trnasfer. endorse, pledge. hypothe-
cate and otherwise dispose of notes,
bonds and other evidences of in
debtedness and any and all types
of security therefore,
f) To make loans to persons to
whom electric energy is or will be
supplied by the cooperative for the
purpose of. and otherwise to assist
such persons in, constructing, main
tanning and operating electric refrig-
Grafton plants;
(g) To become a member in one
or more other cooperatives or cor
poratlOnS or to own stock therein;
(h) To construct. purchase. take,
receive. lease as lessee, or other
wise acquire, and to own. hold, use,
equip. maintain, and operate, and to
sell assign. transfer, convey, ex-
change, lease as lessor, mortgage,
pledge. or otherwise dispose of or
cucumber. electric transmission and
distribution lines or systems, electric
alton plants, lands, buildings, struc-
lures. dams, plants and equipment
and any and all kinds and classes
of real or personal property whatso-
ever. which shall be deemed neceS-
sary convenient or appropriate to
accomplish the purpose for which
the cooperative is organized
ID To purchase or otherwise &C
quire, and to own, hold, use and ex-
ercise and to sell, assign, transfer,
convey, mortgage, pledge, hypothe-
cate, or otherwise dispose of or en-
cumber. franchise, rights, privileges,
licenses, rights of way and ease
ments;
Cd To borrow money and other
wise contract Indebtedness, and to
issue notes. bonds, and other evil
dences of Indebtedness therefor, and
to secure the payment thereof by
mortgage. pledge deed of trust, or
any other encumbrance upon any
or all of its then owned or after
acquired real or personal property,
assets. franchises. revenues or in
come;
(k) To construct. maintain and
operate electric transmission and
distribution lines along. upon, under
and across all public thoroughfares,
including without limitation all
bridges and causeways, and upon,
under and across all publicly owned
lands, subject. however, to the re-
quirements in respect Of the use
of such thoroughfares and lands
that are imposed by the respective
authorities having jurisdiction there
OF upon corporations constructing
or operating electric transmission
and distribution lines or systems:
I'd To exercise the power of emil
nent domain in the manner provided
by the laws of this State for the
exercise of that power by corpora
lions constructing or operating cleo
trio transmission and distribution
lines or systems;
(m) To conduct it's business and
exercise any or all of its powers
within or without this State;
(n) To adopt, amend and repeal
bylaws; and
(o) To do and perform any and
all other acts and things, and to
have and exercise any and all other
powers which may be necessary
convenient or appropriate to accom-
plish the purpose for which the CO.
peratlve is organized.
Sec. 4. NAME. The name of each
cooperative shall include the words
Electric" and cooperative" and
the abbreviation Inc" provided
however, such limitation shall not
apply, If, in an affidavit made by the
president or vice-president of a CO.
operative and filed with the Secre-
tary of State, it shall appear that
the cooperative desires to transact
business in another State and is pre-
Guided therefrom by reason of it's
name. The name of a cooperative
shall distinguish it from the name
of any other cooperation organized
under the laws of. or authorized
to transact business in, this State.
The words Electric" and "Coopera-
tive shall not both be used in the
name of any corporation organized
under the laws of. or authorized to
transact in, this State. except a CO.
operative or a corporation transact
ing business in this State pursuant
to the provisions of this Act.
Sec. 5. INCORPORATORS. Five
or more natural persons or two or
more cooperatlves, may organize a
cooperative in the manner herein
after provided.
Sec. s. ARTICLES OF INCORPO-
RATION.
(a) The articles of incorporation
of cooperative shall recite in the
caption that they are executed pur-
suant to this Act. shall be signed
and acknowledged by each of the
incorporators. and shall state: %
The name of the cooperative: (2)
The address of it's principal office ;
CD The names and addresses of the
lncorporators; "a The names and
addresses of the persons who shall
constitute its first board of trustees {;
and (5l any provisions not inconsis-
tent with this Act deemed necessary
or advisable for the conduct of it's
business and affairs 1t shall not
be necessary to set forth in the Ar
tlcles of incorporation of a coopera-
tive the purpose for which it is or
gained or any of the corporate
powers vested in a cooperative under
powers vested in a cooperative I'M
der this Act
OBJ Such articles of incorporation
shall be submitted to the Secretary
of State for filing as provided in this
Act.
Sec Z BYLAWS. The original
by laws of a Cooperative and the
first bylaws for a corporation after
the effective date of the conversion
thereof into a cooperative, pursuant
to section Is of this Act, shall be
adopted by it's board of trustees.
Thereafter bylaws shall be adopted.
The bylaws shall set forth the rights
and duties of members and trustees