reglab/housing_qa huggingface dataset:
MS Code § 77-5-213 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-213. Chartering existing corporations under this article

 Any existing corporations under the laws of the State of Mississippi organized for the same general purposes as the corporations provided for by this article may be chartered under this article by filing with the secretary of state a certificate, approved by a majority of the board of the corporation, signed by the duly authorized officer or officers thereof, and acknowledged by the subscribers before any officer authorized to take acknowledgments to deeds or other instruments. Such certificate shall set forth the information required under Section 77-5-207 for corporations organizing under this article, shall declare the intention of the corporation to operate under this article, and shall be filed in the office of the secretary of state, who shall forthwith cause this certificate to be handled in the manner prescribed in Section 77-5-211 for original certificates of incorporation. The corporation under its existing name shall thereupon have all the powers and duties set forth in this article, but shall relinquish the powers under its former charter. No debt or other obligation, of or to the corporation, incurred prior to reincorporation under this section, shall be affected thereby. Any act, contract, or covenant heretofore done, made, entered into or performed by any corporation organized under any other law but reincorporating hereunder, is hereby expressly validated if such act, contract, or covenant would have been valid if done, made, entered into or performed under the terms hereof.
MS Code § 77-5-215 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-215. Amendment of certificate of incorporation

 A corporation may amend its certificate of incorporation to change its corporate name, to increase or reduce the number of its directors, or to change any other provisions therein. Notwithstanding any provisions of a corporation's certificate of incorporation to the contrary, if a corporation's certificate of incorporation provides that the period of duration of the corporation is a limited number of years, the corporation may amend its certificate to provide that the duration of the corporation is perpetual if such an amendment is authorized by the board of directors of the corporation pursuant to the affirmative vote of at least two-thirds (2/3) of the directors. Otherwise, and not withstanding any provisions of a corporation's certificate of incorporation to the contrary, a corporation may amend its certificate of incorporation if (a) the amendment is authorized by the board of directors of the corporation pursuant to the affirmative vote of at least two-thirds (2/3) of the directors, and (b) the amendment authorized by the board of directors is ratified by sixty percent (60%) of the corporation's members voting, at either the corporation's annual meeting or at a meeting of the members called for the special purpose of considering and voting on the amendment. Written notice of any meeting at which an amendment to the corporation's certificate of incorporation will be voted on by the members must be sent to the corporation's members at least thirty (30) days prior to the date of the meeting. The notice shall set forth the date, time, location and purpose of the meeting, and identify and describe the purpose of the amendment authorized by the corporation's board of directors. In the event an amendment is fully authorized in accordance with the foregoing, a certificate reflecting the amendment to the certificate of incorporation shall be prepared and executed by the president and by the secretary of the corporation who shall both affirm therein, under oath, that they have been authorized by the corporation to execute and file such certificate. Such certificate of amendment shall then be filed by the corporation in the Office of the Secretary of State, who shall forthwith cause this certificate to be handled in the manner prescribed in Section 77-5-211 for original certificates of incorporation; and the amendment of the corporation's certificate or articles of incorporation shall be effective as of the date on which the certificate of amendment is filed with the Secretary of State, and the powers specified in the certificate of amendment shall thereupon be vested in the corporation without further formalities.
MS Code § 77-5-217 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-217. Consolidation of corporations

 Any two (2) or more corporations may enter into an agreement for the consolidation of such corporations. Such agreement, which may or may not require the dissolution of one or both of the corporations as provided in Section 77-5-219, shall set forth the terms and conditions of the consolidation, the name of the proposed consolidated corporation, the number of its directors, who shall be not less than three (3), the time of the initial meeting of the consolidated corporation and election of directors, and the name of at least three (3) persons to serve as directors until the election of directors at the initial meeting. To be effective, any such agreement must be (a) authorized by the board ofdirectors of each corporation pursuant to the affirmative vote of at least two-thirds (2/3) of the directors of each corporation, and (b) ratified by sixty percent (60%) of each corporation's members voting, at either the corporation's annual meeting or at a meeting of the members called for the special purpose of considering and voting on the agreement for consolidation.If the agreement is so authorized and ratified, a joint application for approval of consolidation shall be filed by the consolidating corporations with the Mississippi Public Service Commission in the manner provided by Section 77-3-23. In no event shall another party be allowed to intervene in a proceeding initiated under this section for the purpose of seeking to obtain the certificated area, or any portion thereof, of any petitioning party.Upon approval of the application by the commission, the directors named in the consolidation agreement shall subscribe and acknowledge a certificate conforming substantially to an original certificate of incorporation, except that it shall be entitled and indorsed "certificate of consolidation of_______________ " (the blank space being filled in with the names of the corporations being consolidated) and shall state:   The names of the corporations being consolidated.   The name of the consolidated corporation.   The other items required or permitted to be stated in a corporation's original certificate of incorporation.   Such certificate of consolidation shall be filed with the Secretary of State in the same manner as provided in Section 77-5-211. Upon such filing, the proposed consolidated corporation, under its designated name, shall be and constitute a body corporate with all the powers of a corporation as originally formed under the provisions of this article.
MS Code § 77-5-219 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-219. Dissolution of corporation

 Upon complying with the requirements of Section 77-5-217 or 77-5-237, a corporation may be dissolved by filing, as hereinafter provided, a certificate which shall be entitled and indorsed "certificate of dissolution of_______________" (the blank space being filled in with the name of the corporation) and shall state:   Name of the corporation.   The date of filing of the corporation's most recent certificate of incorporation.   That the corporation elects to dissolve.   The name and post-office address of each of its directors, and the name, title and post-office address of each of its officers.   Such certificate shall be subscribed and acknowledged in the same manner as an original certificate of incorporation by the officers of the corporation, who shall make and annex an affidavit stating that the corporation has complied with the requirements of Section 77-5-217 or Section 77-5-237 and that they have been authorized to execute and file such certificate.   A certificate of dissolution and a certified copy or copies thereof shall be filed in the same place as an original certificate of incorporation and thereupon the corporation shall be deemed to be dissolved.   Such corporation shall continue for the purpose of paying, satisfying and discharging any existing liabilities or obligations and collecting or liquidating its assets, and doing all other acts required to adjust and wind up its business and affairs, and may sue and be sued in its corporate name. Any assets remaining after all liabilities or obligations of the corporation have been satisfied or discharged shall be ratably distributed to the members thereof.
MS Code § 77-5-221 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-221. Board of directors

 A corporation shall have a board of directors, and the powers of the corporation shall be vested in and exercised by such board of directors. The directors of the corporation, other than those named in a certificate of incorporation, shall be elected annually by the members entitled to vote. The initial directors of the corporation, including directors elected to succeed those named in a certificate of incorporation, shall be elected as follows: one-third (1/3) to be elected for a term of one (1) year, one-third (1/3) for a term of two (2) years, and one-third (1/3) for a term of three (3) years. Thereafter, all directors shall be elected for a term of three (3) years, or for such other term(s) as may be subscribed by the corporation's certificate of incorporation. Only members of the corporation shall be entitled to vote. The directors of a corporation must be members of the corporation. In order to qualify as a candidate for director of a corporation by petition, a candidate shall obtain not less than fifty (50) signatures of members of the corporation on whose board such candidate wishes to serve; however, a corporation shall be empowered, in its discretion, to adopt, through its bylaws, provisions which allow a person to qualify as a candidate for director by petition by obtaining less than fifty (50) signatures or by other less restrictive means. The directors shall be entitled to reimbursement for expenses incurred by them in the performance of their duties. In addition to reimbursement for expenses, the board may authorize compensation and benefits to be paid to and on behalf of such directors for the performance of their duties, including for the time it takes for them to travel to and from meetings and to board functions. The board shall elect periodically from its own number officers as prescribed by the corporation's bylaws. Directors may elect to attend the board meetings by telephone or video conference. All board meetings, unless in executive session, shall be open to any member of a corporation. Subject to the limitations below, any member or customer of a corporation shall be entitled to address the board at any regular meeting regarding any suggestions for better service, grievances or any other matter affecting the corporation. The board shall have the right to impose reasonable limitations upon the number of members or customers addressing any one (1) board meeting and the amount of time allotted to each presentation, and also to require members and customers to give the board reasonable advance notice of their desire to address the board so that the board may investigate and be able to respond to the presentation.
MS Code § 77-5-223 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-223. Powers of board of directors

 The board of a corporation shall have power to do all things necessary or convenient in conducting the business of the corporation, including, but not limited to:   To adopt and amend bylaws for the management and regulation of the affairs of the corporation. The bylaws of a corporation may make provisions, not inconsistent with law or its certificate of incorporation, regulating the admission, withdrawal, suspension or expulsion of members; the transfer of membership; the fees and dues of members and the termination of memberships on nonpayment of dues or otherwise; the numbers, times and manner of choosing, qualifications, terms of office, official designations, powers, duties and compensation of its officers; defining a vacancy in the board or in any office and the manner of filling it; the number of members to constitute a quorum at meetings; the date of the annual meeting and the giving of notice thereof and the holding of special meetings and the giving of notice thereof; the terms and conditions upon which the corporation is to render service to its members; the disposition of the revenues and receipts of the corporation; regular and special meetings of the board and the giving of notice thereof; and such other matters as the board may deem appropriate or desirable.   To appoint agents and employees and to fix their compensation and benefits and the compensation and benefits of the officers of the corporation.   To execute all instruments or documents, or to delegate the execution thereof.   To delegate to one or more of the directors or to the officers, agents and employees of a corporation such powers and duties as it may deem proper.   To make its own rules and regulations as to its procedure.   To appoint such committees as the board shall in its judgment see fit, which committees may consist of members or nonmembers of either the board or the corporation.   To cause the corporation to reimburse directors for expenses incurred by them in the performance of their duties and to fix compensation and benefits to be paid to and on behalf of directors for the performance of their duties.
MS Code § 77-5-225 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-225. Membership in corporation

 Except as hereinafter provided, the corporate purpose of a corporation shall be to render service to its members only. Any person may become and remain a member if such person shall use energy supplied by such corporation and shall comply with the terms and conditions in respect to membership contained in the bylaws of such corporation, which terms and conditions shall be nondiscriminatory. Any person who shall agree to use energy supplied by the corporation from an existing line or from a line the construction of which has been authorized or commenced by the corporation may be admitted to membership in the corporation prior to such use upon complying with the other terms and conditions with respect to membership contained in the certificate of incorporation or in the bylaws. The membership fee of the corporation shall be fixed by the board of directors. Should the corporation acquire any electric facilities already dedicated or devoted to the public use it may, for the purpose of continuing existing service and avoiding hardship, continue to serve the persons served directly from such facilities at the times of such acquisition without requiring that such persons become members. In no event shall the number of such nonmembers served exceed forty-nine percent (49%) of the total number of persons served by the corporation. Such nonmember customers shall have the right to become members upon nondiscriminatory terms.
MS Code § 77-5-227 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-227. Certificate of membership; voting

 A corporation may issue to its members certificates of membership in such form as the bylaws may prescribe. Each member shall be entitled to only one (1) vote on each matter submitted to a vote at the meetings of the members of the corporation, but voting by proxy, by mail or electronically may be provided for in the bylaws.
MS Code § 77-5-229 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-229. General powers of corporation

 A corporation is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose, and no enumeration of particular powers hereby granted in this article shall be construed to impair any general grant of power herein contained, or to limit any such grant to a power or powers of the same class or classes as those so enumerated.
MS Code § 77-5-233 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-233. Operations outside of state authorized

 To the extent necessary in the judgment of its board to make effective the powers conferred by this article, a corporation shall continue to have the power to acquire, construct, own, invest in, operate, maintain, and/or improve generating and/or transmission assets.
MS Code § 77-5-239 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-239. Power of corporation to incur obligations and liabilities, borrow money, issue notes, bonds, etc.

 A corporation shall have the power to incur obligations and liabilities, borrow money, issue notes, bonds, certificates of indebtedness and other obligations, and to enter into contracts of guaranty.
MS Code § 77-5-241 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-241. Interest rates

 Any note, bond, or other indebtedness issued by a corporation may bear such interest rate or rates as may be determined by the board of directors of the corporation.
MS Code § 77-5-243 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-243. Power to execute and deliver instruments to create security interest in corporation property

 A corporation shall have the power to execute and deliver any of one or more mortgages, deeds of trust, financing statements, or other instruments to secure debt covering, or to create by other means a security interest in, any or all of the real or personal property assets, rights, privileges, licenses, franchises, and permits of the corporation or any interest therein, as well as the revenues therefrom, whether acquired or to be acquired wherever situated, for the purpose of securing the payment or performance of any one or more contracts, notes, bonds, or other obligations of the corporation.
MS Code § 77-5-245 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-245. Purchase and cancellation of bonds

 A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled.
MS Code § 77-5-247 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-247. Monies of corporations

 All monies of a corporation from whatever source derived, shall be deposited or prudently invested in one or more banks, trust companies, or financial institutions, as may be approved by the board of directors, and, if the corporation shall so require, each of such accounts shall be continuously secured by a pledge of direct obligations of the United States of America or of the State of Mississippi having an aggregate market value, exclusive of accrued interest, at all times at least equal to the balance on deposit in such account or accounts, or otherwise insured by the Federal Deposit Insurance Corporation by whatever mechanism the corporation's board may deem appropriate.   Such securities shall either be deposited with the corporation or held by a trustee or agent satisfactory to the corporation. In lieu of any such pledge or such securities, said deposits may be secured by a surety bond or bonds which shall be in form, sufficiency and substance satisfactory to the corporation.
MS Code § 77-5-249 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-249. Corporations and their property subject to taxation

 A corporation and its property shall be taxed and assessed in accordance with the laws of the State of Mississippi.
MS Code § 77-5-251 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-251. Construction of article; article complete in itself

 This article is to be liberally construed, and the enumeration of any object, power, manner, method or thing shall not be deemed to exclude like or similar objects, purposes, powers, manners, methods or things.   This article is complete in itself and shall be controlling. The provisions of any other law, general, special or local, except as provided in this article, shall not limit or restrict the powers of any corporation formed under this article.
MS Code § 77-5-253 (2020)
2020 Mississippi Code|Title 77 - Public Utilities and Carriers|Chapter 5 - Electric Power|Article 5 - Electric Power Associations|§ 77-5-253. Annual financial and compliance audits

 All corporations created under this article shall submit annual financial and compliance audits to the Mississippi Public Service Commission and Public Utilities Staff for review and archiving.