Sec. 11003.251. AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds payable from and secured by revenue or ad valorem taxes, or both revenue and ad valorem taxes, of the district to carry out any power conferred by this chapter. The bonds must be authorized by a board resolution.
(b) The bonds must be issued in the manner and under the terms of the resolution authorizing the issuance of the bonds.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.07, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11003 - Matador Water District
Section 11003.251. Authority to Issue Bonds
Section 11003.252. Form of Bonds
Section 11003.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11003.255. Bonds Secured by Revenue; Additional Bonds
Section 11003.256. Bonds Payable From Ad Valorem Taxes
Section 11003.257. Additional Security
Section 11003.258. Trust Indenture
Section 11003.259. Charges for District Services
Section 11003.260. Use of Bond Proceeds
Section 11003.261. Appointment of Receiver
Section 11003.262. Refunding Bonds
Section 11003.263. Limitation on Rights of Bondholders
Section 11003.264. Bonds Exempt From Taxation
Section 11003.265. Detachment of District Territory After Issuance of Bonds