Sec. 53.181. PAYING BONDS AND INTEREST. At the time for paying interest or for redeeming the bonds, the district depository shall receive and cancel any interest coupons paid or any bonds redeemed. When the board receives an interest coupon or a bond, it shall credit the account of the depository with the amount received. The board shall then cancel and destroy the bond or coupon.
Acts 1971, 62nd Leg., p. 416, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 53 - Fresh Water Supply Districts
Subchapter F. Bond and Tax Provisions
Section 53.171. Power to Issue Bonds
Section 53.172. Ordering Bond Election
Section 53.177. Approving Bonds
Section 53.178. Registering Bonds
Section 53.180. Recording of Bond Issues
Section 53.181. Paying Bonds and Interest
Section 53.182. Bonds Payable From Revenues and Ad Valorem Taxes
Section 53.183. Election Required
Section 53.184. Refunding Bonds
Section 53.185. Rates and Charges
Section 53.186. Interest and Sinking Fund
Section 53.187. Investment of Sinking Fund