1. (a) A corporation may be formed and chartered under this chapter, Title 32, Revised Statutes, the Texas Business Corporation Act, or the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) for the purposes provided by Section 341.002.

2. (b) The corporation:

   1. (1) is subject to regulation by the commission in regard to the powers and provisions of this chapter;
   2. (2) may contract to convey to an individual or another corporation an easement for the use of its structure;
   3. (3) may impose a reasonable toll for the use of the structure; and
   4. (4) may not discriminate in the time for handling or in the amount charged for a toll.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.