Texas Special District Local Laws Code Chapter 1076 > Subchapter C – Powers and Duties
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Terms Used In Texas Special District Local Laws Code Chapter 1076 > Subchapter C - Powers and Duties
- 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.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005