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This entry was published on 2014-09-22
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SECTION 43
Powers
Transportation Corporations (TCP) CHAPTER 63, ARTICLE 4
§ 43. Powers. Every such corporation shall have the following
additional powers:

1. To lay and maintain its pipes and hydrants for delivering and
distributing water in any street, highway or public place of any city,
town or village in which it has obtained the consent required by section
forty-one of this article.

2. To lay its water pipes in any streets or avenues or public places
of an adjoining city, town or village; provided that such right in an
adjoining city or village having a population of more than twelve
thousand inhabitants shall be subject to the permission of the local
authorities thereof and upon such conditions as they may prescribe.

3. To cause examinations and surveys to be made to determine the
proper location of its waterworks, and for such purpose by its officers,
agents or servants to enter upon any lands or waters, subject to
liability for all damages done.

4. To enter into appropriate agreements with the secretary of
agriculture of the United States department of agriculture to operate
without profit for the term specified therein for the purpose of
qualifying to receive federal assistance pursuant to the consolidated
farmers home administration act of nineteen hundred sixty-one and any
federal laws amendatory and supplementary thereto. Any such agreement to
operate without profit shall be subject to the approval of a majority of
the stockholders entitled to vote thereat at any regular or special
stockholders' meeting. Any stockholder so entitled to vote who does not
vote for or consent in writing to the taking of this action, shall,
subject to and by complying with the provisions of section six hundred
twenty-three of the business corporation law, have the right to receive
payment of the fair value of his stock and the other rights and benefits
provided by such section.