Sec. 62.203. ISSUANCE OF REFUNDING BONDS; FORMALITIES. (a) A district which has outstanding bonds may, by order of the commissioners court of the county of jurisdiction and without submitting the proposition to an election, authorize and issue its refunding bonds for the purpose of retiring all or any part of its outstanding bonds.
(b) The refunding bonds may mature serially or otherwise in not more than 40 years from their date.
(c) The refunding bonds shall be executed in the name of the district by the county judge and county clerk under the seal of the commissioners court and shall in other respects have the details and be issued in the manner provided by the commissioners court in the order authorizing the bonds.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 62 - Article Xvi, Section 59, Navigation Districts
Section 62.191. Issuance of Navigation Bonds
Section 62.192. Issuance of Additional Bonds
Section 62.194. Order for Bonds and Tax
Section 62.196. Duties of Attorney General
Section 62.197. Registration of Bonds
Section 62.198. Validity of Bonds
Section 62.199. Record of Bonds
Section 62.201. Chairman's Bond
Section 62.202. Taxes; Sinking Fund Investment
Section 62.203. Issuance of Refunding Bonds; Formalities
Section 62.204. Refunding Bonds Sold at Par
Section 62.205. Approval of Refunding Bonds by Attorney General
Section 62.206. Tax Levy for Refunding Bonds
Section 62.207. Authority of Sections 62
Section 62.209. Use of Bond Proceeds for Certain Acquisitions of Certain Districts