Texas Local Government Code 303.071 – Authority to Issue
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 303.071
- 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.
With the specific approval by resolution of the governing body of its sponsor, a corporation may issue or incur bonds, including refunding bonds, to finance, refinance, or provide one or more public facilities.