Texas Water Code 67.011 – Additional Powers of Corporation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Water Code 67.011
- 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.
- 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
In addition to other powers granted by this chapter, a corporation may:
(1) own, hold, lease, or otherwise acquire water wells, springs, or other sources of water supply;
(2) build, operate, and maintain pipelines to transport water or wastewater;
(3) build and operate plants and equipment necessary to distribute water or to treat and dispose of wastewater; and
(4) sell water or provide wastewater services to a political subdivision, a private corporation, or an individual.
Text of section as amended by Acts 2003, 78th Leg., ch. 46, Sec. 1
<