Sec. 62.313. OBLIGATIONS NOT AFFECTED; PRO RATA ASSUMPTION. (a) Except as provided in Subsection (b) of this section, annexation shall in no way affect the bonded debt or any other valid outstanding obligation of the annexing district.
(b) If the voters at the annexation election in the county annexed vote to assume a pro rata part of the bonded debt of the annexing district, pro rata assumption shall be binding. If that proposition is not approved by a majority of those electors voting in the election, the persons and property within the county annexed shall never be bound to the payment of any debt of the annexing district outstanding at the time of annexation.
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 62.291. Annexation Authority
Section 62.293. Scheduling Petition for Hearing; Notice
Section 62.295. Election Order
Section 62.296. Notice of Election
Section 62.298. Election Officials
Section 62.299. Canvass of Vote; Entry of Order
Section 62.300. Authority to Annex Other Districts
Section 62.301. Duties of Commission of Annexed District
Section 62.302. Certification of Election Results
Section 62.303. Hearing by Annexing District; Notice
Section 62.304. Assumption of Bonded Debt
Section 62.305. Levy of Taxes on Annexed District
Section 62.306. Dissolution of Annexed District
Section 62.307. Annexation of Whole of Adjacent County
Section 62.309. Order of Election; Ballots
Section 62.310. Certification of Election Result
Section 62.311. Hearing by Annexing District
Section 62.312. Order of Annexation
Section 62.313. Obligations Not Affected; Pro Rata Assumption
Section 62.314. Additional Commission Members
Section 62.315. Change of Membership of Navigation Board
Section 62.316. Permanent Commission Organization Following Annexation