Any corporation organized under chapter 49-33 may acquire by purchase, grant, or condemnation and hold and use such real and other property as may be necessary for the construction and operation of its business, including powerhouses, carbarns, stations, machine and repair shops, electric plants, and power lines, including right of way and water for ditches, canals, or flumes by which to generate electricity therefor, and other conveniences reasonably necessary to accomplish the objects of its incorporation.
Whenever any such corporation shall exercise the right of eminent domain it shall proceed as provided by law and the rules of practice and procedure pertaining to condemnation proceedings.