Sec. 1047.202. CANCELLATION OF BOND. (a) On the payment of interest or for the redemption of district bonds, the depository shall receive and cancel any interest coupon paid or bond discharged.
(b) When the interest coupon or bond is delivered to the board:
(1) the account of the depository shall be credited with the amount of the coupon or bond; and
(2) the coupon or bond shall be canceled and destroyed.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1047 - Jasper Hospital District
Section 1047.202. Cancellation of Bond
Section 1047.203. Record of Bond Issuance
Section 1047.204. Refunding Bonds
Section 1047.205. Registration of Refunding Bonds
Section 1047.206. Tax to Pay Refunding Bonds