117-10.1. Municipal franchises.
An electric membership corporation shall be eligible to receive a franchise pursuant to G.S. 160-2(6) from any city or town:
(1) In which such electric membership corporation is on April 20, 1965 furnishing electric service at retail to a majority of the electric meters; or
(2) To which such electric membership corporation is on April 20, 1965 furnishing the entire supply of electricity at wholesale; or
(3) Which is newly incorporated subsequent to April 20, 1965, and in which on the effective date of such incorporation the electric membership corporation is furnishing electric service at retail to a majority of the meters. (1965, c. 287, s. 9.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 2 - Electric Membership Corporations.
§ 117-9 - Issuance of privilege for formation of such corporation.
§ 117-10 - Formation authorized.
§ 117-10.1 - Municipal franchises.
§ 117-10.2 - Restriction on municipal service.
§ 117-11 - Contents of certificate of incorporation.
§ 117-13 - Board of directors; compensation; president and secretary.
§ 117-15 - Certificates of membership.
§ 117-16 - Corporate purpose; terms and conditions of membership.
§ 117-16.1 - Discrimination prohibited.
§ 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.
§ 117-22 - 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.