Louisiana Revised Statutes 33:4307 – Authorization to construct, acquire, sell, etc., revenue producing gas public utilities
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Terms Used In Louisiana Revised Statutes 33:4307
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Any gas utility district created hereunder is authorized to construct, acquire, sell, lease, mortgage, extend, improve, maintain and operate any revenue producing gas public utility within or partly within and partly without its boundaries and to obtain funds for the construction, acquisition, extension or improvement thereof or through the issuance of revenue bonds as hereinafter provided in this Sub-part or through the use of funds acquired in any other lawful manner. A “gas public utility” for the purposes of this Sub-part shall consist of a natural gas distribution system or a natural gas transmission and distribution system.
Acts 1960, No. 415, §7.