Texas Water Code Title 4, Chapter 67 - Nonprofit Water Supply Or Sewer Service Corporations

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 67.001 - Definitions
  In this chapter: (1) "Board" means the board of directors of a corporation. (2) "Corporation" means a water supply or sewer service corporation operating under...
• Texas Section 67.002 - Purpose Of Corporation
  A corporation may be organized under this chapter to provide: (1) water supply, sewer service, or both for a municipality, a private corporation, an individual,...
• Texas Section 67.003 - Creation Of Corporation
  (a) Three or more individuals who are citizens of this state may form a corporation by making an application to the secretary of state in...
• Texas Section 67.004 - Application Of Texas Non-profit Corporation Act
  To the extent it does not conflict with this chapter, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to...
• Texas Section 67.005 - Directors
  (a) A corporation may not have more than 21 directors. (b) The corporation may increase the number of directors by amendment to the bylaws but...
• Texas Section 67.0051 - Qualifications For Election Or Appointment As Director
  (a) To be qualified for election or appointment as a director, a person must be: (1) 18 years of age or older on the first...
• Texas Section 67.0052 - Ballot Application
  (a) To be listed on the ballot as a candidate for a director's position, a person must file an application with the corporation that includes:...
• Texas Section 67.0053 - Ballot
  (a) Not later than the 30th day before the date of an annual meeting, the corporation shall mail to each member or shareholder of record:...
• Texas Section 67.0054 - Election Procedures
  (a) A member or shareholder may vote: (1) in person at the annual meeting; (2) by mailing a completed ballot to the office of the...
• Texas Section 67.0055 - Election Of Unopposed Candidate
  (a) This section applies only to an election for a director's position on a board of a corporation that provides retail water or sewer service...
• Texas Section 67.006 - Officers
  (a) The board shall elect a president, a vice president, and a secretary-treasurer following the issuance of a charter and after each annual meeting of...
• Texas Section 67.007 - Annual Or Special Meeting Of Retail Corporation
  (a) The annual meeting of the members or shareholders of the corporation must be held between January 1 and May 1 at a time specified...
• Texas Section 67.0075 - Annual Or Special Meeting Of Other Corporation
  A corporation to which Section 67.007 does not apply shall comply with the annual meeting and director election provisions prescribed by Chapter 22, Business Organizations...
• Texas Section 67.008 - Distribution Of Profits
  (a) The incorporators may provide in the charter of the corporation that a dividend will not be paid on the stock and that all profits...
• Texas Section 67.009 - Facilities
  A corporation may construct, acquire, lease, improve, extend, or maintain a facility, plant, equipment, or appliance helpful or necessary to provide more adequate sewer service,...
• Texas Section 67.010 - Power To Contract With Other Entities
  (a) A corporation may enter into a contract with any political subdivision, federal agency, or other entity for the acquisition, construction, or maintenance of a...
• Texas Section 67.0105 - Water For Fire Suppression
  (a) A corporation may provide a water supply to a governmental entity or volunteer fire department for use in fire suppression. (a-1) A corporation may...
• Texas Section 67.011 - Additional Powers Of Corporation
  In addition to other powers granted by this chapter, a corporation may: (1) own, hold, lease, or otherwise acquire water wells, springs, or other sources...
• Texas Section 67.011 - Powers Of Corporation In Certain Counties
  (a) In a county with a population of less than 3.3 million, a corporation may: (1) own, hold, lease, or otherwise acquire water wells, springs,...
• Texas Section 67.012 - Use Of Manager
  The board may employ a manager to handle the business of the corporation under the direction of the board. The board shall set the salary...
• Texas Section 67.013 - Use Of Counsel
  The board may employ and compensate counsel to represent the corporation as the board determines is necessary. Added by Acts 1997, 75th Leg., ch. 166,...
• Texas Section 67.014 - Depository For Funds; Permitted Investments
  (a) The board shall select as depository for the funds of the corporation a bank in this state that is insured by the Federal Deposit...
• Texas Section 67.015 - Exemption From Securities Act
  The Securities Act (Article 581-1 et seq., Vernon's Texas Civil Statutes) does not apply to: (1) a note, bond, or other evidence of indebtedness issued...
• Texas Section 67.016 - Transfer Or Cancellation Of Stock, Membership, Or Other Right Of Participation
  (a) A person or entity that owns any stock of, is a member of, or has some other right of participation in a corporation may...
• Texas Section 67.017 - Voluntary Contributions On Behalf Of Emergency Services
  (a) A corporation may as part of its billing process collect from its customers a voluntary contribution, including a voluntary membership or subscription fee, on...

Last modified: September 28, 2016