This chapter shall be known and may be cited as the "Municipal Power
Law of the Village of Canton, Local Law No. 4 of 1996."
The provisions of this chapter are deemed to enable the Village of Canton
to construct, lease, purchase, own, acquire, use and/or operate, as it may
deem fit, any public utility service within or without its territorial limits,
for the purpose of furnishing to itself, or for compensation to its inhabitants,
any service similar to that furnished by any public utility company specified
in Article 4 of the New York Public Service Law. The provisions of this chapter
are deemed to bring the Village of Canton into compliance with the provisions
of Article 14A of the New York General Municipal Law.
The plant and facilities for such service, to the extent prudent and
necessary, shall be acquired by condemnation in accordance with the laws,
rules and regulations of the State of New York from Niagara Mohawk Power Corporation
or shall be purchased or constructed or leased in accordance with the laws
of the State of New York.
The maximum cost of such plant and facilities to be acquired by condemnation
from Niagara Mohawk Power Corporation or to be purchased, leased or constructed
shall be $6,894,283. The estimated costs thereof are $2,075,500.
The method of furnishing service shall be through a contract or contracts
to be entered into in accord with the laws of the State of New York and/or
the development, construction, operation and maintenance by the municipal
electric utility of any necessary generation, transmission, distribution and
incidental facilities and equipment.