Texas Water Code 67.003 – Creation of Corporation
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(a) Three or more individuals who are citizens of this state may form a corporation by making an application to the secretary of state in the same manner as provided by law for an application for a private corporation.
(b) The application for charter must include the number of directors and the name of each director.
Terms Used In Texas Water Code 67.003
- 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 name designated for the corporation must include the words “Water Supply Corporation.”