Sec. 7. The board shall have power to do all things necessary or convenient in conducting the business of the corporation, including but not limited to:
(a) The power to make, alter, amend or repeal by-laws for the regulation and management of the affairs of the corporation not inconsistent with law or with the articles of incorporation.
(b) To appoint agents and employees and to fix their compensation and the compensation of the officers of the corporation.
(c) To execute instruments.
(d) To delegate to one (1) or more of the directors or to the agents and employees of a corporation such powers and duties as it may deem proper.
(e) To make its own rules and regulations as to its procedure.
Formerly: Acts 1935, c.175, s.7; Acts 1937, c.258, s.4.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 13. Rural Electric Membership Corporation Act
8-1-13-2. Incorporation; Purpose
8-1-13-4. Articles of Incorporation
8-1-13-5. Articles of Incorporation; Action by Commission
8-1-13-7. Board of Directors; Powers and Duties
8-1-13-8. Membership Certificates; Meetings of Members
8-1-13-9. Conditions of Membership; Restrictions to Providing Services
8-1-13-10. Powers of Corporation
8-1-13-11. Enumerated Powers of Corporation
8-1-13-12. Sale, Encumbrance, or Other Disposition of Property
8-1-13-13. Obligations in Anticipation of Revenue; Authority to Issue
8-1-13-14. Obligations; Covenants or Agreements
8-1-13-15. Purchase; Own Obligations
8-1-13-16. Consolidation or Merger; Mutual Benefit Corporations
8-1-13-17. Services, Facilities, and Charges; Sinking Fund; Rea Borrowers
8-1-13-18. Rates and Charges; Jurisdiction and Powers of Commission
8-1-13-18.5. Withdrawal From Jurisdiction of Commission
8-1-13-21. Dissolution of Corporation
8-1-13-22. Articles of Incorporation; Amendment; Change of Name; Change of Territory
8-1-13-24. Commission Decisions or Orders; Appeal
8-1-13-25. Construction of Chapter
8-1-13-27. Liability of Members and Directors
8-1-13-28. Rules; Customer Relations; Adoption; Complaints; Procedures
8-1-13-29. Rates, Tolls, and Charges; Schedules; Filing; Approval
8-1-13-32. Investigations; Agents; Powers; Recommendations
8-1-13-33. Uniform Accounts; Requisites
8-1-13-34. Furnishing of Information; Requirement
8-1-13-35. Blank Forms Received; Verification; Delivery of Documents, Books, and Papers
8-1-13-37. Investigation by Commission on Its Own Motion; Rates, Service, or Territory
8-1-13-40. Subpoena Power of Commissioners and Authorized Agents; Enforcement
8-1-13-41. Violations of Chapter; Findings; Just and Reasonable Orders to Be Made
8-1-13-42. Rules; Adoption; Prior Rules Validated
8-1-13-43. Maximum Borrowing and Expenditures for Economic Development