The following terms, whenever used in this article, shall have the following meanings, unless a different meaning clearly appears from the context:
"Authority" shall mean the corporation created by this article.
"Board" shall mean the board of directors of the authority.
"Bonds" shall mean and include negotiable bonds, interim certificates or receipts, notes, debentures and all other evidences of indebtedness either issued or the payment thereof assumed by the authority.
"Acquire" shall mean and include construct, acquire by purchase, lease, devise, gift or the exercise of the power of eminent domain, or other mode of acquisition.
"Person" or "inhabitant" shall mean and include natural persons, firms, associations, corporations, business trusts, partnerships and bodies politic.
"Energy" shall mean and include any and all electric energy, no matter how or where generated or produced.
"System" shall mean and include any plant, works, system facilities, or properties, or parts thereof, together with all appurtenances thereto, used or useful in connection with the generation, production, transmission or distribution of energy.
"State" shall mean the State of Mississippi.
"Municipality" shall mean any incorporated city, town or village of the state.
"Federal agency" shall mean and include the United States of America, the President of the United States of America, Tennessee Valley Authority, the Federal Emergency Administrator of Public Works, the Administrator of the Rural Electrification Administration, and any and all other authorities, agencies, and instrumentalities of the United States of America, heretofore or hereafter created.
"Improve" shall mean and include construct, reconstruct, improve, repair, extend, enlarge or alter.
"Service" shall mean and include the sale or other disposition of energy at the lowest cost consistent with sound economy, public advantage and the prudent conduct of the business of the authority.
Structure Mississippi Code
Title 77 - Public Utilities and Carriers
Article 1 - Mississippi Rural Electrification Authority
§ 77-5-5. Mississippi Rural Electrification Authority created
§ 77-5-7. Board of directors of authority
§ 77-5-9. Number, appointment, removal and terms of board of directors
§ 77-5-11. Organization of board; officers
§ 77-5-13. Compensation of members of board
§ 77-5-15. Members of board shall not hold full time state office
§ 77-5-19. Corporate purpose of the authority
§ 77-5-21. General grant of powers to authority
§ 77-5-23. Grant of specific powers to authority
§ 77-5-25. Operations outside of state authorized
§ 77-5-27. Issuance of bonds by authority
§ 77-5-31. Bonds of authority not debts of state
§ 77-5-33. Rates, fees and charges; application thereof
§ 77-5-35. Pledge of state to bondholders that it will not impair rate-making power of authority
§ 77-5-39. Rights and remedies of bondholders
§ 77-5-41. Moneys of the authority
§ 77-5-43. Assets of authority shall pass to state upon cessation of authority's existence