Section
2801.
Manufacture
and
Sale
of
Electricity.-Any
township
may
manufacture
electricity
by
means
of
a
hydroelectric
generating
facility
owned
or
operated
by
the
township
for
the
use
of
the
inhabitants
of
the
township.
Any
township
owning
or
operating
a
hydroelectric
generating
facility
may
make
contracts
for
the
sale
of
electricity
to
persons
engaged
in
the
business
of
the
manufacture
or
sale
of
electricity.
Section
2802.
Regulation
of
Use
and
Prices.-Any
township
furnishing
electricity
under
this
article
may
regulate
the
use
of
electricity
in
dwellings,
business
places
and
other
places
in
the
township
and
the
rate
to
be
charged
for
the
electricity.
Section
2803.
Sale
of
Hydroelectric
Generating
Facilities.-A
township
may
by
ordinance
sell
all
or
part
of
its
hydroelectric
generating
facilities
to
a
purchaser
for
that
sale
price
as
the
parties
may
agree
upon.
Section
2804.
Construction
or
Purchase
of
Hydroelectric
Generating
Facilities.-Any
township
may
construct
or
purchase
facilities
to
manufacture
electricity
by
hydroelectric
generation.
Any
township
may
purchase
a
hydroelectric
generating
facility
at
that
price
as
may
be
agreed
upon
by
the
township
and
the
person,
partnership
or
a
majority
of
the
stockholders
of
a
corporation
that
owns
the
facilities.
Section
2805.
Submission
to
Electors.-Before
any
township
constructs
or
purchases
a
hydroelectric
generating
facility,
the
question
of
the
increase
of
the
debt
of
the
township
shall
first
be
submitted
to
the
qualified
voters
of
the
township
in
the
manner
provided
by
law
for
the
increase
in
indebtedness
of
municipal
corporations.
Section
2806.
Limitation
on
Indebtedness.-No
township
which
constructs
or
purchases
a
hydroelectric
generating
facility
shall
incur
any
indebtedness
for
the
construction
or
enlargement
of
a
new
or
existing
dam
or
impoundment
structure
but
may
incur
indebtedness
for
repairs
or
reconstruction
of
an
existing
dam
or
impoundment
in
connection
with
the
hydroelectric
project.