Sec. 67.002.  PURPOSE OF CORPORATION.  A corporation may be organized under this chapter to provide:
(1)  water supply, sewer service, or both for a municipality, a private corporation, an individual, or a military camp or base;  and
(2)  flood control and a drainage system for a political subdivision, private corporation, or another person. 
Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997.