Texas Special District Local Laws Code 3813.101 – District Powers
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Terms Used In Texas Special District Local Laws Code 3813.101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The district has:
(1) all powers necessary to accomplish the purposes for which the district was created;
(2) the powers and duties of a municipal management district under Subchapter E, Chapter 375, Local Government Code; and
(3) the powers given to a corporation organized under the Development Corporation Act (Subtitle C1, Title 12, Local Government Code).