Sec. 58.398. EVIDENCE OF DEBT. To evidence loans which are not secured by the sale of bonds, the district may execute and deliver to the lender certificates of indebtedness, notes, or obligations and may pledge its full faith and credit for their payment to the same extent that it may be pledged by district bonds.
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 58 - Irrigation Districts
Section 58.391. Authority to Borrow Money
Section 58.392. Security for Loan
Section 58.393. Maturity Date of Loan
Section 58.394. Loan Secured by Bonds
Section 58.395. Expenditure of Loan Proceeds
Section 58.396. Loans Accomplished by Sale of District Bonds
Section 58.397. Pledge of Commercial Income