LA 59
2000-H 7916
Enacted 7/22/2000


A  N     A   C   T

RELATING TO INCORPORATION OF UNITED ELECTRIC POWER COMPANY

Introduced By:  Representative Kilmartin Date Introduced:  February 17, 2000

It is enacted by the General Assembly as follows:

SECTION 1. Section 2 as amended of the public laws of 1926 entitled "An Act To Incorporate United Electric Power Company" is hereby further amended to read as follows:

Sec. 2. The government of said corporation shall be vested in a board of directors, a majority of whom shall be citizens of the United States, who need not be stockholders, the number whereof shall be fixed by the by-laws but shall consist of not less than five (5) persons. Said corporation shall have a president, secretary and treasurer who shall be chosen as the by-laws direct, and shall hold their offices until others are chosen in their stead. The president shall be chosen from among the directors. The directors may appoint such other officers, committees and agents as they deem needful, and their term of office shall be such as said directors may from time to time prescribe.

SECTION 2. This act shall take effect upon passage.

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