SB 0003 | Establishes Nonprofit Sewer Companies |
Sponsor: | Maxwell | |||
LR Number: | S1878.02T | Fiscal Note: | 1878-02 | |
Committee: | LGED | |||
Last Action: | 09/26/97 - Signed by Governor | Journal page: | S58 | |
Title: | ||||
Effective Date: | December 23, 1997 | |||
SB 3 This act authorizes the formation of nonprofit sewer corporations for supplying waste water disposal and treatment services within the state of Missouri.
Such corporations may be formed by five or more persons and the provisions for the corporations' operations can be found within the following sections:
393.825 - Requirements for articles of incorporation
393.827 - Conversion of other entities to nonprofit sewer
companies
393.829 - Powers of such companies
393.831 - Amendment of articles of incorporation
393.833 - Change of office location
393.835 - Filing of documents with Secretary of State
393.837 - Securities law shall not apply to bonds
of company
393.839 - 97info/membership and meetings
393.841 - Territory may be divided into districts
393.843 - Board of directors
393.845 - Officers
393.847 - Company subject to DNR requirements, not PSC
393.849 - Excess revenues shall be refunded annually to
97info/members
393.851 - Company may pay off debt early
393.853 - Dissolution of company which has not begun
business
393.855 - Dissolution of company which has begun business
393.857 - Nonprofit sewer company provisions to be construed
liberally
393.861 - 97info/members of company not personally liable for debts
1 - Designation of exclusive sewer providers- Entities
providing sewer service may seek DNR designation as the sole
provider for a region or watershed. Applications requirements,
approval procedures and general pricing provisions are included.
DENISE GARNIER