Sec. 58.438. ISSUANCE OF BONDS. (a) After a district is created and has adopted plans for construction of a plant and improvements, it may issue bonds to pay for constructing the plant and improvements and to pay costs and charges incident to the construction including the cost of necessary property and the retirement of preliminary bonds.
(b) The maximum amount of bonds which may be issued may not be more than the amount of the engineer's estimate plus the additional amounts added by the board in the election order.
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
Subchapter J. Issuance of Bonds
Section 58.433. Amount of Debt Limited by Constitution
Section 58.434. Issuance of Preliminary Bonds
Section 58.435. Election on Preliminary Bonds
Section 58.436. Conditions of Preliminary Bonds
Section 58.437. Tax to Pay Preliminary Bonds
Section 58.438. Issuance of Bonds
Section 58.439. Purposes for Issuance of Bonds
Section 58.440. Engineer's Report
Section 58.441. Election Order
Section 58.444. Vote at Election
Section 58.445. Order to Issue Bonds or Execute Contract
Section 58.446. Record of Bond Proceedings Submitted to Attorney General
Section 58.447. Approval and Registration of Bonds
Section 58.448. Validity of Bonds
Section 58.449. Conditions of Bonds
Section 58.453. Validation Suit
Section 58.454. Effect of Prior Registration
Section 58.455. Procedure in Validation Suit
Section 58.456. Notice of Validation Suit
Section 58.457. Duties of Attorney General in Validation Suit
Section 58.458. Judgment in Validation Suit
Section 58.459. Effect of Validation Suit
Section 58.460. Certified Copy of Decree
Section 58.461. Registration of Bonds and Decree
Section 58.464. Adjustment of Tax Levy
Section 58.466. Interest and Sinking Fund
Section 58.467. Investment of Sinking Fund
Section 58.468. Refunding Bonds
Section 58.469. Limitation of Authority to Incur Debt and Issue Bonds
Section 58.470. Issuing Bonds in Excess of Limitation
Section 58.471. Modifications or Improvements
Section 58.474. Limitations on Interim Bonds
Section 58.475. Issuance of Bonds and Levy of Tax
Section 58.476. Deposit of Bonds to Secure Interim Bonds
Section 58.477. Procedure for Issuance and Sale of Interim Bonds
Section 58.478. Payment of Interim Bonds
Section 58.479. Redemption of Interim Bonds
Section 58.480. Alternate Methods for Paying Bonds
Section 58.481. Taxes to Secure Certain Bonds