Texas Special District Local Laws Code 7201.002 – Nature of Corporation and District
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(a) The corporation is a water supply corporation in Hidalgo and Starr Counties created under and essential to accomplish the purposes of § 59, Article XVI, Texas Constitution, and operating in accordance with Chapter 67, Water Code.
(b) The district is:
(1) a special utility district in Hidalgo and Starr Counties created under and essential to accomplish the purposes of § 59, Article XVI, Texas Constitution, and operating in accordance with Chapters 49 and 65, Water Code;
(2) a retail public utility as defined by § 13.002, Water Code; and
(3) the successor in interest to the corporation.
Terms Used In Texas Special District Local Laws Code 7201.002
- 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.
(c) The corporation shall be dissolved and succeeded without interruption by the district as provided by Subchapter A1.