SECTIONS 3121-3131 - California Statutes

PUBLIC UTILITIES CODE

SECTION 3121-3131

3121. An association may engage in any activity in connection with
the selling, transporting, or storing of gas which is produced and
delivered to it by its members; in any activity in connection with
the purchase, hiring, or use by its members of supplies, machinery,
or equipment directly related to the production, transmission,
storage, or marketing of gas, or in the financing of any of these
activities; or in any one or more of the activities which are
specified in this section.

3122. An association may borrow without limitation as to amount of
corporate indebtedness or liability and may make advances to members.

3123. An association may act as the agent or representative of any
member in any of the activites specified in Section 3171 or 3172.

3124. An association may purchase or otherwise acquire, hold, own,
and exercise all rights of ownership in, sell, transfer, pledge, or
guarantee the payment of dividends or interest on, or the retirement
or redemption of, shares of the capital stock or bonds of any
corporation or association which is engaged in the production of gas
or any related activity.

3125. An association may establish reserves and invest the funds of
the reserves in bonds or in any other property as may be provided in
the bylaws.

3126. An association may buy, hold, and exercise all privileges of
ownership of real or personal property as may be necessary or
convenient for the conduct and operation of, or incidental to, any
business of the association. Without limiting the foregoing, an
association may acquire a real property easement from a public
utility for the purpose of accommodating the association's gas plant,
and the easement shall be deemed to be held for a public purpose by
the association, provided that the commission finds that the use by
the association is in the public interest.

3127. An association may levy assessments in the manner and in the
amount as may be provided in its bylaws.

3128. An association may do all of the following:
(a) Do each and every thing which is necessary, suitable, or
proper for the accomplishment of any of the purposes, or the
attainment of any of the objects, specified in this chapter, or
conducive to or expedient for the interest or benefit of the
association, and contract accordingly.
(b) Exercise and possess all powers, rights, and privileges which
are necessary or incidental to the purposes for which the association
is organized or to the activities in which it is engaged.
(c) Have any other rights, powers, and privileges which are
granted by the laws of this state to other corporations, except those
which are inconsistent with this chapter.

3130. An association may organize, form, operate, own, control, and
have an interest in, own stock of, or be a member of any other
corporation, with or without capital stock, which is engaged in
producing, transporting, or selling of gas.

3131. An association may, upon resolution adopted by its board of
directors, enter into all necessary and proper contracts and
agreements and make all necessary and proper stipulations,
agreements, contracts, and arrangements with any other cooperative or
other corporation or association, which is formed in this or in any
other state, for the cooperative and more economical carrying on of
its business or any part of its business.
Any two or more associations may, by agreement between them, unite
in employing and using, or may separately employ and use, the same
personnel, methods, means, and agencies for carrying on and
conducting their respective business.