Sec. 11006.263. LIMITATION ON RIGHTS OF BONDHOLDERS. The resolution authorizing the bonds or the trust indenture securing the bonds may limit or qualify the rights of the holders of less than all of the outstanding bonds payable from the same source to institute or prosecute litigation affecting the authority's property or income.
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 11006 - South Texas Water Authority
Section 11006.251. Authority to Issue Bonds
Section 11006.252. Form of Bonds
Section 11006.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11006.255. Bonds Secured by Revenue; Additional Bonds
Section 11006.256. Bonds Payable From Ad Valorem Taxes
Section 11006.257. Additional Security
Section 11006.258. Trust Indenture
Section 11006.259. Charges for Authority Services
Section 11006.260. Use of Bond Proceeds
Section 11006.261. Appointment of Receiver
Section 11006.262. Refunding Bonds
Section 11006.263. Limitation on Rights of Bondholders
Section 11006.264. Bonds Exempt From Taxation
Section 11006.265. Detachment of Authority Territory After Issuance of Bonds