Pursuant to I.C. 8-1-2.2 et seq. (the Act), there is hereby created a joint agency under the provisions of the Act which shall be a body corporate and politic and a political subdivision of the state, to exercise thereunder a part of the sovereign powers of the state.  The name of the joint agency created by this contract shall be State Municipal Power Agency (the “Municipal Power Agency”).  Except as specifically provided to the contrary in this contract or in the Municipal Power Agency’s bylaws as the same may be amended from time to time, the Municipal Power Agency shall conduct its affairs in accordance with the Act for the purposes authorized therein and to that end shall be empowered to exercise all powers granted by the Act.  The Municipal Power Agency shall have the bylaws as shall be adopted by a unanimous vote of all Commissioners.  The bylaws shall be amended in the manner specified therein which may be less than by a unanimous vote.  For purposes of voting upon adoption and amendment of the bylaws, each Commissioner shall have one vote.
(1985 Code, § 6-9-2)  (Ord. 1-1980, passed 5-13-1980)