5.3. ERMUSR 05-11-2004 - Laserfiche WebLink

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(i) any and all of the powers, privileges, responsibilities and duties of the separate utilities which are or which become members of the Corporation, which are hereby authorized to and conferred upon the Corporation, including but not limited to the following: (1) the power of eminent domain; (2) the power to borrow money, incur debt and issue tax-exempt and taxable bonds to finance utility property; (3) the power to acquire, own, construct, and operate utilities systems and property; (4) all powers of municipal power agencies under Minnesota Statutes Chapter 453 and municipal gas agencies under Minnesota Statutes Chapter 453A which may be exercised by cities; (5) all powers which may be exercised by municipalities under the Municipal Industrial Development Act, Minnesota Statutes Section 469.152 et seq.; (6) all powers under the joint powers law, Minnesota Statutes Section 471.59; and (7) all powers of the separate utilities which are or which become members of the Corporation under their city charters and other official governing documents, and under Minnesota Statutes Chapter 216B, Chapter 412, Section 444.075, Chapter 453, Chapter 453A, Section 465.01, and Chapter 475, and under any and all other applicable law; and. (ii) all powers specifically authorized to and conferred upon a joint venture by utilities pursuant to Minnesota Statutes Section 452.25, including but not limited to the following enumerated powers: (1) the power to provide utility services as authorized under Minnesota Statutes Section 452.25, Subdivision 3(a); (2) all powers authorized under Minnesota Statutes Section 452.25, Subdivision 5; (3) the power to expend public funds and transfer real and personal personal property as authorized under Minnesota Statutes Section 452.25, Subdivision 6(a).