§ 117-10.1. Municipal franchises. - North Carolina Statutes

§ 117‑10.1. Municipal franchises.

An electric membership corporation shall be eligible to receive afranchise pursuant to G.S. 160‑2(6) from any city or town:

(1)        In which such electric membership corporation is on April20, 1965 furnishing electric service at retail to a majority of the electricmeters; or

(2)        To which such electric membership corporation is on April20, 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 electricmembership corporation is furnishing electric service at retail to a majorityof the meters. (1965, c. 287, s.9.)