81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 37 of 126
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S.B. No. 1540
.nto. o through a municipality, subject to the consent of the
govern g body of the municipality. (V.A.C.S. Art. 6543 (part).)
ec. 131.035. LIMITATION ON ACQUISITION. A corporation
descr ibed by this subchapter may not:
Ln (1) acquire, own, control, or operate a parallel or
com eating interurban line; or
(2) purchase, lease, acquire, own, or control,
di ectly or indirectly, the shares or certificates of stock or
bonds, a franchise or other right, or the physical property or any
part of the property, of any corporation in violation of the law
commonlyknown as the antitrust law. (V.A.C.S. Art. 6543 (part).)
[Sections 131.036-131.060 reserved for expansion]
SUBCHAPTER D. PROVISION OF UTILITIES
Sec. 131.061. INTERURBAN ELECTRIC RAILWAYS. An interurban
electric railway company, as defined by Section 131.011, is
entitle to produce, supply, and sell electric light and power to
the public and to municipalities. (V.A.C.S. Art. 6541.)
Sec. 131.062. SUPPLY AND SALE OF ELECTRICITY BY STREET,
SUBURBAN. OR B LT LINE RAILWAY. A corporation organized under the
geAeral laws of this state that owns or operates with electric power
any street or suburban railway or belt line of railways in and near
Sa municipality for the transportation of freight and passengers
Within this state may:
S(1) supply and sell electric light and power to the
5 public or a municipality;
6 (2) acquire o otherwise provide appliances necessary
7 for an activity authorized by Subdivision (1); and
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310917/m1/37/: accessed August 17, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.