Sec. 55.402. BOND ELECTION. The district may issue negotiable revenue bonds with a total par value of not more than $100,000 without the necessity of holding an election, but it may not issue bonds with a total par value of more than $100,000 unless the bond issue is approved at an election held under the law governing bond elections.
Acts 1971, 62nd Leg., p. 459, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 55 - Water Improvement Districts
Subchapter I. Supplying Water to Military Camps
Section 55.401. Authority of Districts With Military Base to Issue Bonds
Section 55.403. Interest Rate and Maturity Date
Section 55.404. Security for Bonds
Section 55.405. Approval; Registration
Section 55.406. Validity of Bonds