As used in Sections 1 through 6 of this act:
1. "Corporation" means a not-for-profit corporation organized:
a. pursuant to the provisons of the Oklahoma General Corporation Act for a purpose not involving pecuniary gain to its shareholders or members, paying no dividends or other pecuniary remuneration, directly or indirectly, to its shareholders or members as such and having no capital stock, and b. for the purpose of developing and providing rural water supplies to serve rural residents; and 2. "District" means a public nonprofit water district created pursuant to the Rural Water, Sewer, Gas and Solid Waste Management Districts Act.