Sec. 55.533. PREFERRED LIEN IN FAVOR OF THE UNITED STATES. A lien for the payments due the United States under a contract between the district and the United States under which bonds have not been deposited with the United States shall be a preferred lien to that of any issue of bonds or any series of any issue of bonds subsequent to the date of the contract.
Acts 1971, 62nd Leg., p. 474, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 55 - Water Improvement Districts
Subchapter L. Issuance of Bonds
Section 55.497. Necessary Vote
Section 55.498. Ordering Issuance of Bonds
Section 55.499. Amount of Bonds
Section 55.500. Limitation of Indebtedness
Section 55.501. Special Interest Procedure
Section 55.502. Formal Requirements of Bonds
Section 55.504. Suit to Determine Validity of Bonds or Contract
Section 55.505. Notice to Attorney General
Section 55.507. Right of Persons to Intervene and Participate in Suit
Section 55.509. Judgment Rendered
Section 55.510. Court's Decree
Section 55.513. County Clerk's Fees
Section 55.515. Emergency Loans and Interim Bonds
Section 55.517. Adjustment of Tax Levy
Section 55.518. Interest and Sinking Fund
Section 55.519. Investment of Sinking Funds
Section 55.520. Refunding Bonds
Section 55.521. Registering Refunding Bonds
Section 55.523. Issuing Refunding Bonds Which Place a Greater Burden on the District
Section 55.524. Law Governing Refunding Bonds
Section 55.525. Limiting District's Power to Incur Debt
Section 55.526. Notice of Limitation of Debt
Section 55.527. Limitation Election
Section 55.528. Operating Under a Limitation on Power to Incur Debt
Section 55.529. Issuing Bonds in Excess of Debt Limitation
Section 55.530. Additional Projects for the District
Section 55.531. Issuance of Additional Bonds
Section 55.532. Funds to Repair Damaged Improvements
Section 55.533. Preferred Lien in Favor of the United States