Tex. Local Government Code § 303.023
This is the official text of Tex. Local Government Code § 303.023, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 303.023. PROCEDURE.
Official statutory text
A governing body of a sponsor that determines that it is in the public interest and to the benefit of the sponsor's residents and the citizens of this state that a corporation be created to finance, refinance, or provide the costs of public facilities of the sponsor may by resolution stating that determination:
(1) authorize and approve the creation of a corporation to act on behalf of the sponsor; and
(2) approve proposed articles of incorporation for the corporation.
(1) authorize and approve the creation of a corporation to act on behalf of the sponsor; and
(2) approve proposed articles of incorporation for the corporation.
Status: in_force · Read it on the official government site
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