Sec. 131.903. BUILDINGS AND OTHER FACILITIES: CERTAIN RAILWAYS  


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  • A corporation organized before September 1, 1925, under any law of this state, that operates a line of electric, gas or gasoline, denatured alcohol, or naphtha motor railway in and between municipalities in this state, may:

    (1) own and operate union depots and office buildings; and

    (2) acquire, hold, and operate electric light and power plants in and adjacent to a municipality in or through which the railway operates.

Added by Acts 2009, 81st Leg., R.S., Ch. 85 , Sec. 2.03, eff. April 1, 2011.