Sec. 1474.105. SALE OR EXCHANGE OF BONDS AND NOTES; DELIVERY OF PROCEEDS. (a) The commissioners court shall sell or exchange the bonds or notes issued under this chapter on the best terms.
(b) When the bonds or notes are sold, the proceeds shall immediately be delivered to the county treasurer.
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