Source: https://www.ncleg.gov/Laws/GeneralStatuteSections/Chapter117
Timestamp: 2019-04-20 08:22:48+00:00

Document:
Article 1 - Rural Electrification Authority.
§ 117-1. Rural Electrification Authority created; appointments; terms of members.
§ 117-3. Authority not granted power to fix rates or order line extensions; right of suggestion and petition.
§ 117-4. Organization meeting of Authority; chairman and secretary.
§ 117-5. Compensation and expenses.
Article 2 - Electric Membership Corporations.
§ 117-6. Title of Article.
§ 117-8. Formation in unserved communities; filing application with Rural Electrification Authority.
§ 117-9. Issuance of privilege for formation of such corporation.
§ 117-10.2. Restriction on municipal service.
§ 117-10.3: Repealed by Session Laws 2007-419, s. 3, effective August 21, 2007.
§ 117-11. Contents of certificate of incorporation.
§ 117-12. Execution and filing of certificate of incorporation by residents of territory to be served.
§ 117-13. Board of directors; compensation; president and secretary.
§ 117-14. Powers of board.
§ 117-15. Certificates of membership.
§ 117-16. Corporate purpose; terms and conditions of membership.
§ 117-17. General grant of powers.
§ 117-18. Specific grant of powers.
§ 117-18.1. Subsidiary business activities.
§ 117-19. Taxes and assessments.
§ 117-20. Encumbrance, sale, etc., of property.
§ 117-21. Issuance of bonds.
§ 117-22. Covenants or agreements for security of bonds.
§ 117-23. Purchase and cancellation of bonds.
§ 117-25. Amendment of certificate of incorporation.
§ 117-26. Application for grant or loan from governmental agency.
§ 117-27. Repealed by Session Laws 1965, c. 287, s. 15.
Article 3 - Miscellaneous Provisions.
§ 117-28. Foreign corporations; domestication; rights and privileges.
Article 4 - Telephone Service and Telephone Membership Corporations.
§ 117-29. Assistance from Rural Electrification Authority in procuring adequate telephone service.
§ 117-30. Telephone membership corporations.
§ 117-31. Power of Rural Electrification Authority to prosecute requested investigations.
§ 117-32. Loans from federal agencies; authority of county, etc., to engage in telephone business.
§ 117-33. Declared public agency of State; taxes and assessments.
§ 117-35. Article complete in itself and controlling.
§§ 117-36 through 117-40. Reserved for future codification purposes.
Article 5 - Consolidation and Merger.
§ 117-43. Filing and recording of articles of consolidation or merger.
§ 117-44. Effect of consolidation or merger.
§ 117-46. Indemnification of directors, officers, employees, or agents.

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