Sec. 282.072. INTEREST, MATURITY, AND DENOMINATION. (a) District bonds mature not more than 30 years after their date and bear interest at a rate ordered by the commissioners court but not more than six percent annually.
(b) The bonds must provide the interest rate and the time, place, manner, and conditions of payment as ordered by the commissioners court.
(c) The bonds may be payable annually or semiannually.
(d) The bonds must be issued in denominations of not less than $100 nor more than $1,000.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle D - Hospital Districts
Chapter 282 - Hospital Districts in Counties of 75,000 or Less
Section 282.071. General Obligation Bonds
Section 282.072. Interest, Maturity, and Denomination
Section 282.073. Execution of Bonds
Section 282.074. Approval and Registration of Bonds
Section 282.075. Bond Record Book
Section 282.076. Compensation of County Clerk
Section 282.077. Bond of County Judge
Section 282.078. Sale of the Bonds
Section 282.079. Disposition of Unneeded Bonds
Section 282.080. Additional Bond Issue and Election
Section 282.081. Change in Use of Bond Proceeds After Bond Issuance