Sec. 51.449. REDEMPTION OF INTERIM BONDS. (a) At the option of the board, interim bonds may be redeemed at any time or times before maturity on payment by the district of the principal and accrued interest to the date fixed for redemption by the board.
(b) When interim bonds are called for redemption before maturity, the secretary shall give written notice of the redemption to the bank or banking house named as the place of payment in the bonds or to its successor or assign.
(c) In the notice, the secretary shall designate the bond or bonds called for redemption and payment and shall state number or numbers of the bonds.
(d) The notice shall include the redemption date which shall not be more than 60 days after the date notice of call for payment is made.
(e) If any of the bonds which are called for redemption are not presented, they shall cease to bear interest from and after the date fixed for redemption.
Acts 1971, 62nd Leg., p. 347, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 51 - Water Control and Improvement Districts
Subchapter K. Issuance of Bonds
Section 51.403. Amount of Debt Limited by Constitution
Section 51.404. Issuance of Preliminary Bonds
Section 51.405. Election on Preliminary Bonds
Section 51.406. Conditions of Preliminary Bonds
Section 51.407. Tax to Pay Preliminary Bonds
Section 51.408. Issuance of Bonds
Section 51.410. Engineer's Report
Section 51.411. Election Order
Section 51.414. Vote at Election
Section 51.415. Order to Issue Bonds or Execute Contract
Section 51.419. Conditions of Bonds
Section 51.423. Validation Suit
Section 51.424. Effect of Prior Registration
Section 51.425. Procedure in Validation Suit
Section 51.426. Notice of Validation Suit
Section 51.427. Duties of Attorney General in Validation Suit
Section 51.428. Judgment in Validation Suit
Section 51.429. Effect of Validation Suit
Section 51.430. Certified Copy of Decree
Section 51.431. Registration of Bonds and Decree
Section 51.436. Interest and Sinking Fund
Section 51.437. Investment of Sinking Fund
Section 51.438. Refunding Bonds
Section 51.439. Limitation of Authority to Incur Debt and Issue Bonds
Section 51.440. Issuing Bonds in Excess of Limitation
Section 51.441. Modifications of Improvements
Section 51.444. Limitations on Interim Bonds
Section 51.445. Issuance of Bonds and Levy of Tax
Section 51.446. Deposit of Bonds to Secure Interim Bonds
Section 51.447. Procedure for Issuance and Sale of Interim Bonds
Section 51.448. Payment of Interim Bonds
Section 51.449. Redemption of Interim Bonds
Section 51.450. Alternate Methods for Paying Bonds
Section 51.451. Taxes to Secure Certain Bonds
Section 51.453. Hearing and Election on Certain Bonds