Sec. 56.299. RETIREMENT OF BONDS. If there are outstanding bonds at the time the district is dissolved, the commissioners court may immediately enter into negotiations with the bondholders to retire the bonds before maturity, and if under their terms or by agreement between the commissioners court and the bondholders, the bonds can be retired at an earlier date than appears on their face and if the commissioners court considers retirement to be feasible and practicable, an agreement may be made by the commissioners court providing for paying and retiring the bonds.
Acts 1971, 62nd Leg., p. 525, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 56 - Drainage Districts
Section 56.291. Authority to Dissolve a District
Section 56.295. Result of the Election
Section 56.296. Settlement of Debts
Section 56.297. Dissolution Tax
Section 56.299. Retirement of Bonds
Section 56.301. Trustee's Bond
Section 56.302. Trustee's Compensation
Section 56.303. Powers of the Trustee
Section 56.304. Expenses of the Trustee
Section 56.305. Presentation of Claims
Section 56.306. Approval of Claim
Section 56.308. Rejection of Claim
Section 56.309. Bonds and Approved Claims