By: Corte H.B. No. 2786 73R6633 MI-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of water corporations to provide water 1-3 service and to obtain facilities and equipment for the provision of 1-4 water service and to the method of dissolution of water 1-5 corporations. 1-6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-7 SECTION 1. Section 2(c), Chapter 76, Acts of the 43rd 1-8 Legislature, 1st Called Session, 1933 (Article 1434a, Vernon's 1-9 Texas Civil Statutes), is amended to read as follows: 1-10 (c) A water supply corporation may construct, acquire, own, 1-11 lease, improve, extend, and maintain facilities, plants, equipment, 1-12 and appliances helpful or necessary to provide more adequate water 1-13 or sewer service, flood control, and drainage for towns, cities, 1-14 counties, and other political subdivisions and for private 1-15 corporations and individuals. 1-16 SECTION 2. Section 4, Chapter 76, Acts of the 43rd 1-17 Legislature, 1st Called Session, 1933 (Article 1434a, Vernon's 1-18 Texas Civil Statutes), is amended to read as follows: 1-19 Sec. 4. Such Water Supply or Sewer Service Corporations 1-20 shall have the right to purchase, own, hold and lease and otherwise 1-21 acquire water wells, springs and other sources of water supply, to 1-22 lease, build, operate and maintain pipe lines for the 1-23 transportation of water or wastewater, to lease, build and operate 1-24 plants and equipment necessary for the distribution of water or for 2-1 the treatment and disposal of wastewater, and to sell water or to 2-2 provide wastewater services to towns, cities and other political 2-3 subdivisions of the State of Texas, to private corporations and to 2-4 individuals. Such corporations shall have the right of eminent 2-5 domain to acquire sites for plants and facilities and to acquire 2-6 rights-of-way and shall have the right to use the rights-of-way of 2-7 the public highways of the State for the laying of pipelines under 2-8 supervision of the State Highway Commission. This section shall 2-9 only apply to a county with a population of less than 2 million. 2-10 SECTION 3. Chapter 76, Acts of the 43rd Legislature, 1st 2-11 Called Session, 1933 (Article 1434a, Vernon's Texas Civil 2-12 Statutes), is amended by adding Section 10 to read as follows: 2-13 Sec. 10. (a) On the voluntary dissolution of a corporation 2-14 formed under this Act, the assets of the corporation shall be 2-15 applied and distributed as provided by the Texas Non-Profit 2-16 Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil 2-17 Statutes). 2-18 (b) In addition to other recipients authorized to receive 2-19 assets under the Texas Non-Profit Corporation Act (Article 2-20 1396-1.01 et seq., Vernon's Texas Civil Statutes), the members may 2-21 transfer the assets of the corporation to any town, city, county, 2-22 or other political subdivision that has agreed to accept the assets 2-23 in any applicable manner required by law. 2-24 SECTION 4. The importance of this legislation and the 2-25 crowded condition of the calendars in both houses create an 2-26 emergency and an imperative public necessity that the 2-27 constitutional rule requiring bills to be read on three several 3-1 days in each house be suspended, and this rule is hereby suspended, 3-2 and that this Act take effect and be in force from and after its 3-3 passage, and it is so enacted.