Section 67. Exemption from jurisdiction of public service commission and from the provisions of the public service law  


Latest version.
  • Cooperatives and  foreign
      corporations doing business in this state pursuant to this chapter shall
      be  exempt  in  all  respects  from  the jurisdiction and control of the
      public service commission of this state and shall not be subject to  the
      provisions  of  the public service law. Each cooperative, however, shall
      file with the public service commission an annual report verified by the
      oath of the president,  vice-president,  treasurer,  secretary,  general
      manager, or receiver, if any. The report shall show in detail
        (a) The number of its members;
        (b)  The  amount  of  its  bonded  indebtedness  and other outstanding
      indebtedness;
        (c) Its receipts and expenditures during the preceding year;
        (d) The amount paid in reduction of its indebtedness and  as  interest
      upon its indebtedness;
        (e)  The  names  of  its  officers  and  the  aggregate amount paid as
      salaries to them and the amount paid as wages to its employees;
        (f) The location of its plant  or  plants  and  system,  with  a  full
      description of its property and franchises.