Texas § 9019.102 POWER TO ACQUIRE PROPERTY AND ASSUME INDEBTEDNESS.

Texas Statutes

§ 9019.102 — POWER TO ACQUIRE PROPERTY AND ASSUME INDEBTEDNESS.

Texas § 9019.102

Code SDSpecial District Local Laws Code

This text of Texas § 9019.102 (POWER TO ACQUIRE PROPERTY AND ASSUME INDEBTEDNESS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 9019.102 (2026).

Text

Sec. 9019.102. POWER TO ACQUIRE PROPERTY AND ASSUME INDEBTEDNESS.

(a)The district may purchase or otherwise acquire from the city any property owned by the city, for the production, distribution, and sale of water and everything appurtenant thereto on terms agreed to by the governing bodies of the city and the district.

(b)The district may assume all outstanding bonds, warrants, and other forms of indebtedness of the city issued for waterworks purposes, including indebtedness payable from:

(1)the revenue of the city's waterworks system; or

(2)ad valorem taxes.

(c)The assumption of indebtedness described by Subsection (b) must first be approved at an election held in the district in the manner provided by this chapter for bond elections.

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Sec. 9019.102. POWER TO ACQUIRE PROPERTY AND ASSUME INDEBTEDNESS. (a) The district may purchase or otherwise acquire from the city any property owned by the city, for the production, distribution, and sale of water and everything appurtenant thereto on terms agreed to by the governing bodies of the city and the district.
(b) The district may assume all outstanding bonds, warrants, and other forms of indebtedness of the city issued for waterworks purposes, including indebtedness payable from:
(1) the revenue of the city's waterworks system; or
(2) ad valorem taxes.
(c) The assumption of indebtedness described by Subsection (b) must first be approved at an election held in the district in the manner provided by this chapter for bond elections.