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.