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Texas Water Code - WATER § 58.177. Joint Acquisition of Mortgaged System by Two or More Districts

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Two or more districts jointly may acquire by gift, grant, or purchase any part of an irrigation system serving the districts subject to a mortgage or encumbrances in the same manner that a single district may acquire the system.

(b) In the proceedings authorizing the acquisition, the boards of the respective districts shall define clearly the respective rights, interest, and liability of the districts in the acquired property and in the mortgage or encumbrance.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 58.177. Joint Acquisition of Mortgaged System by Two or More Districts - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-58-177/

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