Sec. 53.183. ELECTION REQUIRED. (a) A district may not issue bonds as authorized in Section 53.182 of this code unless an election is first held in the district and the proposition is approved by a majority of the electors of the district who vote in the election.
(b) If the election is held to authorize revenue bonds only, the board shall have the ballots printed to allow for voting for or against the proposition: "The issuance of bonds and the pledge of net revenues for the payment of the bonds."
(c) If the election is held to authorize combination tax and revenue bonds, the board shall have the ballots printed to allow for voting for or against the proposition: "The issuance of bonds to be paid for from an adequate pledge of net revenues and levy of ad valorem taxes."
(d) Except as provided in this section, the provisions of Sections 53.172-53.175 of this code, relating to tax bond elections, apply to elections held under this section.
Acts 1971, 62nd Leg., p. 417, 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