Sec. 1501.151. AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS. The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay:
(1) a final judgment of a court in a lawsuit arising from the municipality's operation of a natural gas system the municipality owns; or
(2) a settlement of such a lawsuit.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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