§ 507.101 General Powers and Limitations of Corporation
§ 507.102 Acquisition, Mortgage, or Disposal of Property
§ 507.103 Eminent Domain
§ 507.104 Contracts
§ 507.105 General Powers Related to Finances
§ 507.106 Donations, Grants, and Loans
§ 507.107 Authority to Sue and Be Sued
§ 507.108 Higher Education Courses and Degree Programs
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Terms Used In Texas Local Government Code Chapter 507 > Subchapter C - Powers and Duties

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005