Sec. 55.407. PAYMENT OF BONDS. The holder of bonds issued under the provisions of this subchapter is not entitled to payment of the bonds from funds derived from taxes levied on property in the district.
Acts 1971, 62nd Leg., p. 460, 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