HERBERT R. O'CONOR, GOVERNOR. 1657

463. Powers. A cooperative shall have power:

(a) To sue and be used in its corporate name;

(b) To have perpetual existence;

(c) To adopt a corporate seal and alter the same;

(d) To generate, manufacture, purchase, acquire, accumu-
late and transmit electric energy, and to distribute, sell, supply
and dispose of electric energy to its members, to governmental
agencies and political subdivisions, and to other persons not
in excess of ten per centum of the number of its members, pro-
vided, however, that the furnishing by a cooperative of electric
cold storage or processing plant service shall not be deemed
to be distributing, selling, supplying or disposing of electric
energy;

(e) To assist persons to whom electric energy is or will be
supplied by the cooperative in wiring their premises and in
acquiring and installing electrical and plumbing appliances,
equipment, fixtures and apparatus by the financing thereof,
or otherwise, and in connection therewith to wire, or cause
to be wired, such premises, and to purchase, acquire, lease as
lessor or lessee, sell, distribute, install and repair such electric
and plumbing appliances, equipment, fixtures and apparatus;

(f) To assist persons to whom electric energy is or will be
supplied by the cooperative in constructing, equipping, main-
taining and operating electric cold storage or processing
plants, by the financing thereof or otherwise;

(g) To construct, purchase, lease as lessee, or otherwise
acquire, and to equip, maintain, and operate, and to sell, as-
sign, convey, lease as lessor, mortgage, pledge, or otherwise dis-
pose of or encumber, electric transmission and distribution
lines or systems, electric generating plants, electric cold stor-
age or processing plants, lands, buildings, structures, dams,
plants and equipment, and any other real or personal prop-
erty, tangible or intangible, which shall be deemed necessary,
convenient or appropriate to accomplish the purpose for which
the cooperative is organized.

(h) To purchase, lease as lessee, or otherwise acquire, and
to use, and exercise and to sell, assign, convey, mortgage,
pledge or otherwise dispose of or encumber, franchises, rights,
privileges, licenses and easements;

(i) To borrow money and otherwise contract indebtedness,
and to issue notes, bonds, and other evidences of indebtedness,
and to secure the payment thereof by mortgage, pledge, or
deed of trust of, or1 any other encumbrance upon, any or all of
its then owned or after-acquired real or personal property,
assets, franchises, revenues or income;

(j) To construct, maintain and operate electric transmis-
sion and distribution lines along, upon, under and across pub-
licly owned lands and public thoroughfares, including, without