Sec. 1474.104. EXCHANGING BONDS FOR PROPERTY OR WORK. The commissioners court may exchange bonds issued under this chapter:
(1) for property; or
(2) in payment of the contract price for work to be done in the construction of the improvements.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1474 - Bonds for County Water Improvements
Subchapter C. Limitations and Procedures
Section 1474.101. Limit on Debt
Section 1474.102. Court Action to Determine Validity of Bonds
Section 1474.103. Form of Bonds and Notes; Signatures; Registration by County Clerk
Section 1474.104. Exchanging Bonds for Property or Work
Section 1474.105. Sale or Exchange of Bonds and Notes; Delivery of Proceeds