Texas Statutes
Subchapter E. Bonds for Harbor Improvements and Facilities in Coastal Municipalities With Population of Less Than 12,000
Section 1505.208. Bonds Not Payable From Taxes

Sec. 1505.208. BONDS NOT PAYABLE FROM TAXES. (a) A bond issued under this subchapter:
(1) is not a debt of the municipality; and
(2) may be a charge only against the property, facilities, and contracts authorized by the bond authorization.
(b) Each bond issued under this subchapter must state on its face the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from any money raised by taxation."
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

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