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Tex. Utilities Code § 181.003

AUTHORITY TO BORROW MONEY, ISSUE STOCK, OR MORTGAGE PROPERTY

Texas · Texas Utilities Code · Status: effective

Property & Real Estate
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Tex. Utilities Code § 181.003, AUTHORITY TO BORROW MONEY, ISSUE STOCK, OR MORTGAGE PROPERTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/578103
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A gas or electric corporation has the right to: (1) borrow money; (2) issue stock, including preferred stock; or (3) mortgage a franchise or other property of the corporation to secure a debt contracted for any purpose of the corporation.