Texas Statutes
Subchapter B. Bonds for Water Supply for County Purposes
Section 1477.058. Contents of Order Authorizing Bonds

Sec. 1477.058. CONTENTS OF ORDER AUTHORIZING BONDS. The order authorizing issuance of bonds under this subchapter to pay for a project may contain:
(1) reasonable and proper provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants that state the duties of the county relating to:
(A) the acquisition of property for the project;
(B) the construction, maintenance, operation, repair, and insurance of the project; and
(C) the custody, protection, and application of all money related to the project;
(2) a statement of the rights and remedies of the bondholders; and
(3) other provisions that the commissioners court considers reasonable and proper for the security of the bondholders, including covenants prescribing:
(A) each event that constitutes a default; and
(B) the rights, liabilities, powers, and duties that arise on breach by the county of a duty or obligation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

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