Sec. 6902.212. LIMITATION ON RIGHTS OF HOLDERS. The resolution authorizing the bonds or the trust indenture securing the bonds may limit or qualify the rights of the holders of less than all of the outstanding bonds payable from the same source to institute or prosecute litigation affecting the district's property or income.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle B - Fresh Water Supply Districts
Chapter 6902 - Crane County Water District
Subchapter E. General Bond Provisions
Section 6902.201. Authority to Issue Bonds
Section 6902.202. Form of Bonds
Section 6902.204. Election for Bonds Payable From Property Taxes
Section 6902.205. Bonds Secured by Revenue; Additional Bonds
Section 6902.206. Bonds Payable From Property Taxes
Section 6902.207. Additional Security
Section 6902.208. Trust Indenture
Section 6902.209. Charges for District Services
Section 6902.210. Use of Bond Proceeds
Section 6902.211. Appointment of Receiver
Section 6902.212. Limitation on Rights of Holders
Section 6902.213. Bonds Exempt From Taxation
Section 6902.214. Exclusion of Territory After Issuance of Bonds