11-50-140
Section 11-50-140 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ELECTRIC LIGHT PLANT. A plant and system for the generation, manufacture, and distribution
of electricity or a system for the purchase, transportation, and/or distribution of electricity,
together with all appurtenances thereto and all property used or useful in connection therewith,
including franchises. (2) GAS PLANT. A plant and system for the manufacture and distribution
of gas or a system for the purchase, transportation, and/or distribution of manufactured or
natural gas, together with all appurtenances thereto and all property used or useful in connection
therewith, including franchises. (3) WATERWORKS PLANT. A plant and system for the gathering,
collecting, or impounding of water and the distribution thereof for domestic or industrial
use or both or a plant or system for the purchase,...
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11-50-497
Section 11-50-497 Powers and duties generally. The board shall have complete control of the
municipal electric distribution system of such municipality and shall have authority to employ,
upon terms to be fixed by the board, but in no event for a term exceeding one year, and to
discharge with or without cause, managers, cashiers, clerks, stenographers, attorneys, linemen,
repairmen, laborers, and such other employees as are necessary for the operation of such municipal
electric distribution system, except that in those cities where public employees are governed
by a citywide civil service or merit system all of such managers, cashiers, clerks, stenographers,
linemen, repairmen, laborers, and such other employees as are necessary for the operation
of such system shall in all respects, both as to selection, employment, discharge, tenure
of office, or employment and as to pay, promotion, demotion, and in all other respects covered
by said civil service or merit system, be governed and...
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11-21-1
Section 11-21-1 Power of counties to purchase. Any county in the state shall have the power
and authority to purchase or acquire, and to operate, and to assume any indebtedness connected
with, any waterworks plant or water distribution system, or both, located in the county and
owned by any municipality located within the county or by any public corporation organized
under the laws of this state upon such consideration as shall be agreed upon. (Acts 1975,
No. 1213, §1.)...
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11-50-150
Section 11-50-150 Execution of sale, lease, etc., by governing body and terms thereof. If the
result of such election shall be in favor of a sale, lease, or disposition of the plant, the
board of aldermen or other governing body of the city or town may proceed to sell, lease,
or dispose of the electric light plant, gas plant, or waterworks plant owned by such city
or town at a price not less than the minimum price fixed as provided in Section 11-50-142,
and upon such terms and time of payment as to the said board of aldermen or governing body
may seem best, but if there are deferred payments, the same must be secured by a lien on the
plant sold or disposed of. (Acts 1909, No. 212, p. 253; Code 1923, §2068; Code 1940, T. 37,
§385.)...
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11-50-240
Section 11-50-240 Issuance of revenue bonds for improvement and extension of waterworks plants
and pledge of revenues from gas systems for payment thereof. Any waterworks board organized
under the provisions of this division which has acquired or may hereafter acquire a gas plant
or system pursuant to the provisions of Division 2 of this article may, in addition to the
powers granted it by said provisions, issue revenue bonds for the purpose of acquiring or
constructing improvements and extensions to its waterworks plant and system and may pledge
for payment of such revenue bonds not only revenues from such waterworks plant and system
but also any available revenues from its gas plant and system. In order so to issue revenue
bonds payable from the revenues of both its waterworks plant and system and its gas plant
and system, it shall not be necessary for such waterworks board to combine such systems or
to provide for their operation, maintenance, and repair as one combined and...
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11-50-231
Section 11-50-231 Application for authority to form corporation for operation of waterworks
and sanitary sewer systems; adoption of resolution by municipal governing body authorizing
incorporation. Whenever any number of natural persons, not less than three, shall file with
the governing body of any municipality in this state an application in writing for authority
to incorporate a public corporation for the purpose of operating a waterworks plant and system
and a sanitary sewer system or either of such systems, and if it shall be made to appear to
such governing body that each of said persons is a duly qualified elector of and owner of
property in said municipality and if the governing body of said municipality shall adopt a
resolution, which shall be duly entered upon the minutes of such governing body, wherein it
shall be declared that it is wise, expedient, and necessary that such a corporation be formed
and that the persons filing said application shall be authorized to proceed to...
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45-39-221.06
Section 45-39-221.06 Transfer of funds and assets to tourism board. (a) The county, any municipality,
and any other public agency, authority, bureau, or body that provides services of any kind
or otherwise operates in the county, are authorized to transfer and convey to the tourism
board, with or without consideration, both of the following: (1) Any properties, real or personal,
and any interest therein, and all funds and assets, tangible or intangible, relative to the
ownership or operation of any such that may be owned by the county, the municipality, or other
public agency, authority, bureau, or body, as the case may be, or that may be jointly owned
by any two or more thereof. (2) Any funds owned or controlled by the county, the municipality,
or other public agency, authority, bureau, or body, as the case may be, or jointly by any
two or more thereof, that may have been raised or allocated for any of the purposes for which
the tourism board shall have been organized, whether or not...
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11-50-143
Section 11-50-143 Ordering of special election for authorization of sale, lease, etc. After
the passage of said resolution, the said board of aldermen or other governing body shall order
a special election to be held at which all the voters in said city or town, who are qualified
voters under the laws of this state may vote on the proposition of whether such sale, lease
or other disposition of such electric plant, gas plant, or waterworks plant shall be authorized.
(Acts 1909, No. 212, p. 253; Code 1923, §2061; Code 1940, T. 37, §378.)...
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11-59-12
Section 11-59-12 Conveyances of properties to corporations by municipalities. The municipality
is hereby authorized and empowered to transfer and convey to the corporation any properties
which, at the time of such transfer and conveyance, may have been acquired by such municipality
as a site for or which may then be used as a facility, together with such improvements thereon
and equipment and furnishings owned by the municipality in connection therewith as the governing
body of the municipality may deem advisable. Such transfer and conveyance may be authorized
by an ordinance duly adopted by the governing body of the municipality, and it shall not be
necessary that the same be authorized at an election of the qualified voters of the municipality.
Such transfer and conveyance may be made as a gift to the corporation and without consideration
therefor or on such consideration as may be expressed in such ordinance, as the governing
body of the municipality may deem advisable; provided,...
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45-17A-83.10
Section 45-17A-83.10 Electric distribution system. All revenues generated from the sale of
electricity or in any way from the use of the electric distribution system, shall be deposited
in board approved accounts. Payment shall be made to the City of Tuscumbia in accordance with
the terms of the power contract between the Tennessee Valley Authority and the board and/or
City of Tuscumbia then in effect. For the 2006-2007 fiscal year, the power contract requires
payments to the City of Tuscumbia in lieu of taxes based on 4.7 percent of net plant value.
The required payments to the City of Tuscumbia shall be made monthly and adjusted annually
based on the required audit of the electric utility system. (Act 2007-502, p. 1068, §11.)...

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