{"data":{"id":"us-tx/tex.-utilities-code-181.003","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 181.003","heading":"AUTHORITY TO BORROW MONEY, ISSUE STOCK, OR MORTGAGE PROPERTY.","body":"A gas or electric corporation has the right to:\n(1) borrow money;\n(2) issue stock, including preferred stock; or\n(3) mortgage a franchise or other property of the corporation to secure a debt contracted for any purpose of the corporation.\nActs 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.","path":["UTILITIES CODE","TITLE 4. DELIVERY OF UTILITY SERVICES","SUBTITLE B. PROVISIONS REGULATING DELIVERY OF SERVICES","CHAPTER 181. MISCELLANEOUS POWERS AND DUTIES OF UTILITIES","SUBCHAPTER A. POWERS AND DUTIES OF GAS AND ELECTRIC CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.181.htm#181.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"8a599064f23e91b7d1574281f13bb1fa47a9a8f77464fb52ed81aedffb527298","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-181.002","next":"us-tx/tex.-utilities-code-181.004"},"notice":"GroundRules: Original legal text. Not legal advice."}