The board of directors of any public service corporation operating a gas, electric or water plant within the limits of any city or town, or within territory contiguous thereto, is hereby authorized to sell or lease to such city or town the entire plant of such corporation, or any part thereof, including the franchises and easements of such corporation; provided the action of the board of directors be authorized or ratified by an affirmative vote of a majority in interest of the stock issued and outstanding of such corporation, unless a larger interest is required by the charter or bylaws of such corporation.
1918, p. 463; Michie Code 1942, § 4073g.
Structure Code of Virginia
Title 56 - Public Service Companies
Chapter 10 - Heat, Light, Power, Water and Other Utility Companies Generally
§ 56-232. Public utility and schedules defined
§ 56-232.1. Regulation of service by certain gas pipeline companies to municipalities
§ 56-232.2. Regulation of compressed natural gas service
§ 56-232.2:1. Regulation of electric vehicle charging service
§ 56-233.1. Public utilities purchasing practices
§ 56-234. Duty to furnish adequate service at reasonable and uniform rates
§ 56-234.4. Authority to investigate utility operations to determine efficiency
§ 56-234.5. Required disclosure by certain officers and directors of certain utilities
§ 56-235. When Commission may fix rates, schedules, etc.; conformance with chapter
§ 56-235.1. Conservation of energy and capital resources
§ 56-235.1:1. Rates for stand-by electric service at renewable cogeneration facilities
§ 56-235.1:2. Costs of using small, women-owned, or minority-owned businesses
§ 56-235.3. Procedures for investigation of rate applications
§ 56-235.4. Prohibition of multiple rate increases within any twelve-month period; exception
§ 56-235.5. Telephone regulatory alternatives
§ 56-235.5:1. Local exchange telephone service competition policy
§ 56-235.6. Optional performance-based regulation of certain utilities
§ 56-235.8. Retail supply choice for natural gas customers
§ 56-235.10. Recovery of eligible safety activity costs; administration; procedure
§ 56-235.11. Retail rates of affiliated water utilities
§ 56-235.12. Economic development programs
§ 56-236.1. Rates to be charged churches
§ 56-236.2. Suspension of service to sewerage system
§ 56-237. How changes in rates effected; notice required; changes to be indicated on schedules
§ 56-237.2. Public hearings on protests or objections to rate changes
§ 56-239. Appeal from action of Commission
§ 56-241. Rates of telephone companies
§ 56-241.1. Flat and measured telephone rates; certain rates prohibited
§ 56-241.2. Approval of rates for resale of telephone service
§ 56-242. Temporary reduction of rates
§ 56-243. Duration of such temporary reduction
§ 56-244. Increase to make up for losses due to excessive temporary reduction
§ 56-245. Temporary increase in rates
§ 56-245.1. Meters to be kept in good working condition; defective meters
§ 56-245.1:1. Customers to be notified about nuclear emergency evacuation plans
§ 56-245.1:2. Customers to be notified of renewable power options
§ 56-245.3. Commission to promulgate regulations and standards
§ 56-246. Tests and equipment therefor
§ 56-247. Commission may change regulations, measurements, practices, services, or acts
§ 56-247.1. Commission to require public utilities to follow certain procedures
§ 56-248. Commission to prescribe standard units of products or service
§ 56-248.1. Commission to monitor fuel prices and utility fuel purchases; fuel price index
§ 56-249. Reports by utilities
§ 56-249.2. Certain records to be maintained
§ 56-249.4. How reports shall be filed; reports open to public; rules and regulations
§ 56-249.6. Recovery of fuel and purchased power costs
§ 56-249.7. Certain directors and officers of utility to file shareholder information
§ 56-250. Commission may authorize action by public utility in time of emergency or shortage; plans
§ 56-253. Existing remedies retained
§ 56-254. Sale or lease of plants to cities or towns
§ 56-255. Extension of electric service to territory not being served
§ 56-256. Powers of corporations generally; rights, powers, privileges and immunities, etc.
§ 56-256.1. Height of electric power distribution lines over agricultural land
§ 56-257. Manner of installing underground utility lines
§ 56-257.1. Means of locating nonmetallic underground conduits
§ 56-257.2. Gas pipeline safety
§ 56-257.5. Manner of installing underground utility lines through agricultural operation
§ 56-258. Who to permit laying of pipelines in roads
§ 56-259.1. Instruments conveying easements to public service corporations
§ 56-260. Compensation for damages
§ 56-260.1. Contract provisions exempting company from liability unlawful
§ 56-261. Duties of companies furnishing water or sewerage facilities
§ 56-261.1. Duties of water and sewerage companies in certain counties
§ 56-261.2. Hydrant connections and water supply for fire protection in certain counties
§ 56-262. Proceeding upon failure of public service corporation to perform duties
§ 56-263. Commission may order increase in service
§ 56-264. Quo warranto in case of failure to comply with order of Commission
§ 56-264.1. Collection of rates, fees and charges