65-23-102 - Definitions. - Tennessee Statutes

65-23-102. Definitions.

As used in this chapter, unless the context otherwise requires:

     (1)  “Acquire” means and includes to construct or acquire by purchase, lease, devise, gift or the exercise of the power of eminent domain, or other mode of acquisition;

     (2)  “Authority” means the corporation created by this chapter;

     (3)  “Board” means the board of directors of the authority;

     (4)  “Bonds” means and includes negotiable bonds, interim certificates or receipts, notes, debentures and all other evidences of indebtedness either issued or the payment thereof assumed by the authority;

     (5)  “Energy” means and includes any and all electric energy no matter how or where generated or produced;

     (6)  “Federal agency” means and includes the United States, the president of the United States, the Tennessee valley authority, and any and all other authorities, agencies, and instrumentalities of the United States heretofore or hereafter created;

     (7)  “Improve” means and includes construct, reconstruct, improve, repair, extend, enlarge or alter;

     (8)  “Municipality” means any city or town of the state;

     (9)  “Person” or “inhabitant” means and includes natural persons, firms, associations, corporations, business trusts, partnerships and bodies politic;

     (10)  “Service” means and includes the sale or other disposition of energy at the lowest cost consistent with sound economy, public advantage and the prudent conduct of the business of the authority;

     (11)  “State” means the state of Tennessee; and

     (12)  “System” means and includes any plant, works, system, facilities, or properties, or parts thereof, together with all appurtenances thereto, used or useful in connection with the generation, production, transmission or distribution of energy.

[Acts 1935 (E.S.), ch. 3, § 2; C. Supp. 1950, § 3708.26(Williams, § 3708.27); T.C.A. (orig. ed.), § 65-2302.]