A municipality may borrow money and by ordinance may issue bonds for a purpose described by Section 1505.053.
Tex. Gov't Code § 1505.054
AUTHORITY TO ISSUE BONDS
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.