Articles of Incorporation

The objects and purposes for which this corporation is formed are as follows:

• a. To purchase, lease, acquire, construct, erect, own, operate, and maintain an electric generating and distribution system or systems in Pierce County, Washington, or in any other county of the State of Washington, for the purpose of supplying and furnishing to members of this corporation electrical current for light, heat, and power purposes, and for any other purpose for which electric current may be used.
• b. To acquire, lease, construct, purchase, own, operate, and maintain an electric generating plant or plants for the purpose of generating electrical current to be distributed to and used by members of this corporation, or to enter into a contract or contracts with any person, firm, corporation, or municipal corporation, to purchase electrical current to be distributed to and used by members of this corporation.
• c. To acquire, lease, purchase, construct, own, hold, maintain, and operate all necessary substations, buildings, plants, transformer plants, and electrical equipment of every kind and character as may be necessary or proper to the fullest enjoyment of the powers of this corporation, and to enable it to fully carry out and execute its purposes as herein expressed.
• d. To engage in the business of buying and selling to its members all kinds of electrical supplies and equipment.
• e. To petition for, accept, acquire, own, hold, and renew franchises, easements, or grants from the County of Pierce, or any other county in the State of Washington, or from the State of Washington, for the purpose of establishing, building, erecting, and maintaining electric generating plants and transmission and electric distribution lines to enable this corporation to distribute electrical current to its members.
• f. To lease, own, hold, acquire, or purchase real estate, or any interest therein, for the purpose of carrying out any of the purposes and objects for which this corporation is formed. Such property may be acquired to satisfy any debt due this corporation.
• g. To accept into membership in this corporation persons, firms, co-partnerships, corporations and associations, municipal corporations, school districts, or any political subdivision of the State of Washington, or any county thereof, under the terms and provisions set forth in the Bylaws of the corporation.
• h. To render services to members of this corporation of the character above set forth, without profit to the corporation. The cost of such service to members shall include, however, all necessary operating costs and charges, and depreciation, obsolescence, and replacement costs and such reserve fund or funds for contingencies or for the reimbursement of members who advance money or convey property to the corporation, as the directors of the corporation shall deem wise or necessary for the safe and conservative management and operation of the business of the corporation.
• i. To accepts gifts of any kind of property, either real or personal.
• j. To contract indebtedness, borrow money, execute promissory notes, and secure the same upon the property of this corporation or otherwise, whenever necessary; to receive contracts, promissory notes, bonds, and other evidence of indebtedness; to make any and all contracts of every kind and nature whatsoever concerning the purposes or property of this corporation, as fully and completely as any natural person may contract with reference to his individual business and individual property.
• k. This corporation was originally formed under and by virtue of, and pursuant to, the terms and provisions of Chapter 134 of the Laws of 1907 of the State of Washington, but now elects to come under the provisions of the Washington Miscellaneous and Mutual Corporation Act of 1969; and this corporation shall have and enjoy all the powers and privileges as provided in the latter Act.