Sec. 301.011. BONDS AS SECURITY FOR DEPOSITS. A hospital laundry cooperative association's bonds may secure the deposits of public funds of the state or a municipality, county, school district, or other political subdivision or corporation of the state. The bonds are lawful and sufficient security for those deposits in an amount up to their face value, if accompanied by all appurtenant unmatured coupons.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle E - Cooperative Associations
Chapter 301 - Cooperative Associations
Subchapter A. Hospital Laundry Cooperative Associations
Section 301.002. Creation of Hospital Laundry Cooperative Association
Section 301.003. Articles of Incorporation
Section 301.004. Use of Public Funds Prohibited
Section 301.005. Membership; Membership Privileges; Expulsion of Members
Section 301.006. Membership Not Required
Section 301.007. Powers of Hospital Laundry Cooperative Association
Section 301.008. Cost of Services
Section 301.009. Bonds, Notes, or Other Obligations
Section 301.010. Bonds as Investments
Section 301.011. Bonds as Security for Deposits
Section 301.012. Liability to Creditors
Section 301.013. Tax Exemption
Section 301.014. Annual Report