Sec. 11005.251. 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 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11005 - Muenster Water District
Section 11005.251. Authority to Issue Bonds
Section 11005.252. Form of Bonds
Section 11005.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11005.255. Bonds Secured by Revenue; Additional Bonds
Section 11005.256. Bonds Payable From Ad Valorem Taxes
Section 11005.257. Additional Security
Section 11005.258. Trust Indenture
Section 11005.259. Rates for Services; Payment of Revenue Bonds
Section 11005.260. Use of Bond Proceeds
Section 11005.261. Appointment of Receiver
Section 11005.262. Refunding Bonds