Sec. 68.095. PROPERTY. (a) The association may rent or own property, acquire property by gift, purchase, or exchange, and hold title to property that is appropriate for its use in carrying out the purposes of the association under this chapter.
(b) The acquisition, sale, or disposal of permanent assets, as distinguished from consumable assets, must be authorized by resolution of the association. The resolution must be adopted in open meeting by a two-thirds vote of the membership after notice of the date, time, place, and purpose of the meeting.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Chapter 68 - Brazoria County Pilots Licensing and Regulatory Act
Subchapter F. Brazos Pilots Association
Section 68.091. Pilots Association
Section 68.092. Association Purposes
Section 68.094. Term of Office
Section 68.096. Independent Contractor
Section 68.097. Fee Collection
Section 68.100. Fee Distribution
Section 68.101. Association Services
Section 68.102. Transfer of Property
Section 68.103. Share Valuation
Section 68.104. Transfer of Shares
Section 68.105. Facilities Fee