Sec. 161.114. PAYMENT AND MATURITY OF BONDS. (a) The bonds shall be payable as provided by the board and shall mature serially or otherwise not later than 40 years from their date.
(b) Bonds previously issued shall mature according to their provisions.
(c) The board shall determine the medium of payment for both principal of and interest on the bonds.
(d) The board at its own option may make the bonds redeemable or subject to tender for purchase before maturity at the price and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.
Acts 1977, 65th Leg., p. 2659, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.06, eff. Aug. 30, 1993.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Subchapter D. General Obligation Bonds
Section 161.111. Issuance and Sale of Bonds; Disposition of Proceeds
Section 161.113. Interest Rate
Section 161.114. Payment and Maturity of Bonds
Section 161.115. Form, Denomination, and Place of Payment of Bonds
Section 161.116. Manner of Execution
Section 161.117. Signatures and Seals
Section 161.118. Approval by Attorney General
Section 161.119. Registration With Comptroller
Section 161.120. Validity of Bonds
Section 161.121. Bonds as Negotiable Instruments
Section 161.123. Notice for Bids on Bonds
Section 161.124. Security for Bid
Section 161.125. Sale of Bonds
Section 161.126. Replacement Bonds
Section 161.127. Refunding Bonds
Section 161.128. Bonds as Investments and Security
Section 161.129. Taxation of Bonds
Section 161.130. Constitutional Appropriations