Sec. 58.399. RETIRING BONDS. If bonds are impounded or pledged to secure a loan made to a district, as the loan is repaid a proportionate amount of the bonds may be withdrawn, cancelled, and retired.
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