Sec. 1509.153. AUTHORITY TO ISSUE BONDS. If necessary to exercise the authority granted by Section 1509.152, the governing body of a municipality may issue and sell bonds to finance:
(1) the purchase, lease, or acquisition by another method of land, a facility, equipment, or supplies;
(2) the construction or improvement of a facility; and
(3) the installation of equipment.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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