Sec. 351.153. PROVISIONS OF BONDS. (a) In the orders or resolutions authorizing the issuance of bonds, including refunding bonds, the board may provide for the flow of funds, the establishment and maintenance of the interest and sinking fund, the reserve fund, and other funds and may make additional covenants with respect to the bonds, the pledged revenues, and the operation and maintenance of those works, improvements, and facilities, the revenue of which is pledged.
(b) The orders or resolutions of the board authorizing the issuance of bonds may also prohibit the further issuance of bonds payable from the pledged revenue or may reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued.
(c) The orders or resolutions of the board issuing bonds may contain other provisions and covenants as the board may determine.
(d) The board may adopt and have executed any other proceedings or instruments necessary and convenient in the issuance of bonds.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), eff. Aug. 28, 1989.
Structure Texas Statutes
Subtitle B - County Public Safety
Chapter 351 - County Jails and Law Enforcement
Section 351.122. Eligible Counties; Purpose; Boundaries
Section 351.125. Granting or Denying Petition
Section 351.126. Appointment of Temporary Directors
Section 351.127. Confirmation Election
Section 351.128. Bond and Tax Proposition
Section 351.129. Board of Directors
Section 351.130. Method of Election; Staggered Terms; Term of Office; Election Date
Section 351.131. Oath; Compensation; Officers; Quorum
Section 351.132. General Manager; Employees
Section 351.133. District Office; Meetings; Minutes; Records; Seal
Section 351.134. Contracts; Suits; Payment of Judgment; Insurance
Section 351.135. General Powers
Section 351.136. Acquisition of Property for Site; Lease; Eminent Domain
Section 351.137. Construction Contracts
Section 351.138. Contractor's Bond
Section 351.139. Monitoring Construction Work
Section 351.140. Payment for Construction Work
Section 351.141. Final Approval and Conveyance by Board
Section 351.142. Responsibilities of Receiving County
Section 351.143. Changes and Additions to Facilities
Section 351.144. Contracts for Purchase of Vehicles, Equipment, and Supplies Over $5,000
Section 351.145. Fiscal Year; Annual Audit; Annual Budget
Section 351.148. Repayment of Organizational Expenses
Section 351.149. Issuance of Bonds
Section 351.150. Manner of Repayment of Bonds
Section 351.151. Bond and Tax Election
Section 351.152. Form of Bonds
Section 351.153. Provisions of Bonds
Section 351.154. Approval by Attorney General; Registration by Comptroller
Section 351.155. Refunding Bonds
Section 351.156. Bonds as Investments; Bonds as Security for Deposits
Section 351.157. Tax Status of Bonds