(a) The term “municipality” shall mean any county, incorporated city, town or village in the State of Mississippi.

(b) The term “electric plant” shall mean generating and/or transmission and/or distribution systems, together with all other facilities, equipment and appurtenances necessary or appropriate to any such system, for the furnishing of electric power and energy for lighting, heating, power or any other purpose for which electric power and energy can be used.

(c) The term “improvement” shall mean any improvement, extension, betterment or addition to any electric plant.

(d) The term “electric service” shall mean the furnishing of electric power and energy for lighting, heating, power or any other purpose for which electric power and energy can be used.

(e) The term “acquire” shall mean to purchase, to lease, to construct, to reconstruct, to replace, or to acquire by gift or exercise of the right of eminent domain.

(f) The term “dispose” shall mean to sell, to lease, or otherwise transfer any interest in property.

(g) The term “improve” shall mean to acquire any improvement.

(h) The term “federal agency” shall include the United States of America, the President of the United States of America, or the Federal Emergency Administrator of Public Works, Reconstruction Finance Corporation, Tennessee Valley Authority, the Administrator of the Rural Electrification Administration, or any other similar agency, instrumentality or corporation of the United States of America, which has heretofore been or may hereafter be created by or pursuant to any act or acts or joint resolution of the Congress of the United States of America.

(i) The term “law” shall mean any act or statute, general, special or local, of the State of Mississippi, including, but without limitation, the charter of any municipality.

(j) The term “governing body” shall mean the board of supervisors, board, body or commission having general charge of the municipality.