Sec. 1501.158. IMPOSITION OF AD VALOREM TAX. The governing body of the municipality shall impose an annual ad valorem tax sufficient to pay when due the principal of and interest on each certificate of indebtedness issued under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Section 1501.151. Authority to Issue Certificates of Indebtedness
Section 1501.152. Notice of Intention to Issue Certificates of Indebtedness
Section 1501.153. Petition; Election
Section 1501.155. Signatures; Seal
Section 1501.156. Sale of Certificates