§ 26. Authority to form subsidiaries and enter ventures with other parties
In addition to the authority granted under otherwise applicable law, the Village has the power and is authorized to create a corporate subsidiary or subsidiaries wholly owned by the Village, or to establish a joint venture or ventures between the Village or a subsidiary of the Village and any other business relationship with one or more third parties, in order to provide communications services within or without the corporate limits of the Village, or to provide customer-specific electric generation or cogeneration to customers within the Village’s electric service territory; provided that, before any such subsidiary, joint venture, or business relationship may provide communications or customer-specific generation or cogeneration services, it shall obtain whatever regulatory approvals may be necessary under applicable law.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 245 - Village of Morrisville
App § 3. General corporate powers
App § 4. Specific corporate powers
App § 7. Board of Trustees; powers; meetings
App § 9. Audit of Village officers
App § 13. Annual and special meetings
App § 18. Electric plant; authority to operate, improve, extend, better, and add to existing plant
App § 19. Electric plant; regulation
App § 20. Energy conservation and management facilities
App § 22. Communications plant; operation and regulation
App § 23. Construction of subchapter
App § 24. Powers exercised through trustees
App § 26. Authority to form subsidiaries and enter ventures with other parties