Sec. 51.797. MAXIMUM AMOUNT, INTEREST RATE, AND MATURITY OF BONDS. The maximum amount of bonds to be voted on and issued shall not be more than the total amount of the approved valid, enforceable indebtedness and the estimate of expenses, exclusive of the estimated cost of collection of taxes. The maximum amount of bonds, exclusive of interest and expenses of collection, to be issued for fees and expenses of dissolution of the district shall not be more than an amount equal to $2 times the number of acres in the district. The bonds shall mature serially over a period of not more than seven years.
Acts 1971, 62nd Leg., p. 380, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 51 - Water Control and Improvement Districts
Subchapter P. Dissolution of District
Section 51.781. Dissolution of District Prior to Issuance of Bonds
Section 51.782. Notice of Hearing
Section 51.784. Board's Order to Continue or Dissolve District
Section 51.785. Judicial Review of Board's Order
Section 51.786. Appointment of Trustee
Section 51.787. Discharge of District's Obligations by Trustee
Section 51.788. Discharge of Trustee
Section 51.789. Final Order of Dissolution
Section 51.790. Water Rights of Dissolved District
Section 51.791. Taxes in Excess of District's Obligations
Section 51.793. Dissolution of District for Failure to Complete Plant
Section 51.794. Resolution to Dissolve District
Section 51.795. Statements of Indebtedness and Expenses
Section 51.796. Election to Approve Dissolution of District and Issuance of Dissolution Bonds
Section 51.797. Maximum Amount, Interest Rate, and Maturity of Bonds
Section 51.798. Notice of Election
Section 51.799. Procedure for Holding Election
Section 51.800. Issuance and Sale of Dissolution Bonds
Section 51.801. Destroying Unsold Bonds
Section 51.802. Board's Authority to Contract
Section 51.803. Tax to Pay Dissolution Bonds
Section 51.804. Determining Amount of Tax
Section 51.805. Payment of Tax
Section 51.806. Advance Payment of Taxes in Cash
Section 51.807. Computing Amount of Advance Cash Payment
Section 51.808. Surrender of Bonds in Payment of Taxes
Section 51.809. Computing Amount of Payment Made by Surrendering Bonds
Section 51.810. Use by Trustee of Advance Payments of Tax
Section 51.811. Approval and Registration of Dissolution Bonds
Section 51.812. Dissolution Tax Roll
Section 51.819. Filing Dissolution Tax Roll
Section 51.820. Collection of Taxes
Section 51.821. Appointment of Trustee
Section 51.822. Authority of the Trustee
Section 51.824. Foreclosure of Lien
Section 51.825. Default in Payment of Tax Installment
Section 51.826. Penalty and Attorney's Fee
Section 51.827. Discharge of Lien
Section 51.828. District Considered Dissolved
Section 51.829. Dissolution of District in Counties of Less Than 11,000 Population
Section 51.830. Petition for Dissolution of District
Section 51.831. Signatures on Petition
Section 51.832. Procedure for Holding Election
Section 51.833. Election in District Including City, Town, or Municipal Corporation
Section 51.834. Subsequent Election