Texas Utilities Code - Section 162.121. General Powers
Legal Research Home >
Texas Laws > Utilities Code > Texas Utilities Code - Section 162.121. General Powers
§ 162.121. GENERAL POWERS. A telephone cooperative may:
(1) sue and be sued in its corporate name;
(2) adopt and alter a corporate seal and use the seal
or a facsimile of the seal as required by law;
(3) construct, acquire, lease, improve, install,
equip, maintain, and operate, and, subject to Sections 162.125 and
162.126, dispose of, lease, or encumber, communication lines,
facilities or systems, lands, structures, plants and equipment,
exchanges, and other property, considered appropriate to
accomplish the purpose for which the cooperative is organized;
(4) issue membership certificates as provided by this
chapter;
(5) borrow money and otherwise contract indebtedness,
issue or guarantee notes, bonds, and other evidences of
indebtedness, and secure the payment of indebtedness by pledge or
other encumbrance on any or all of its property or revenue;
(6) conduct its business and exercise its powers
inside or outside this state;
(7) adopt, amend, and repeal bylaws;
(8) make any contracts appropriate for the full
exercise of the powers granted by this chapter; and
(9) perform any other acts and exercise any other
power that may be appropriate to accomplish the purpose for which
the cooperative is organized.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 162.076 162.077 162.078 162.079 162.080 162.081 162.082 162.121 162.122 162.123 162.124 162.125 162.126 162.151 162.152
Last modified: August 11, 2007
|
