Sec. 1509.007. ADOPTION AND EXECUTION OF DOCUMENTS. The governing body of a municipality may adopt and have executed any proceeding or instrument necessary and convenient in:
(1) the issuance of bonds under this subchapter; or
(2) the acquisition and sale or lease of any land, building, or other facility under Section 1509.001 or 1509.002.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1509 - Obligations for Other Municipal Purposes
Subchapter A. Bonds for Facilities to Be Sold or Leased to Public or Private Entities
Section 1509.001. Authority to Acquire Property for Lease to Public or Private Entity
Section 1509.002. Authority to Acquire Property for Sale or Lease to Institution of Higher Education
Section 1509.003. Authority to Issue Bonds
Section 1509.004. Bond Payments From Revenue or Taxes
Section 1509.005. Election Required to Secure Bonds With Tax Revenue
Section 1509.006. Contents of Ordinance, Order, or Resolution Authorizing Bonds
Section 1509.007. Adoption and Execution of Documents
Section 1509.009. Imposition of Tax
Section 1509.010. Grants for Prisons or Law Enforcement Facilities Not Prohibited