Sec. 6905.251. AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds, provide for and secure the payment of the bonds, and provide for the rights of the holders of the bonds, in the manner and to the extent permitted by this chapter.
(b) The district may issue bonds to carry out any authority conferred by this chapter. The bonds must be authorized by a board resolution.
(c) The bonds may be payable from and secured by revenue or ad valorem taxes, or both revenue and ad valorem taxes, of the district, in the manner and under the terms of the resolution authorizing the issuance of the bonds.
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 6905 - Beeville Water Supply District
Section 6905.251. Authority to Issue Bonds
Section 6905.252. Form of Bonds
Section 6905.254. Election for Bonds Payable From Ad Valorem Taxes
Section 6905.255. Bonds Secured by Revenue; Additional Bonds
Section 6905.256. Bonds Payable From Ad Valorem Taxes
Section 6905.257. Additional Security
Section 6905.258. Trust Indenture
Section 6905.259. Deannexation of District Territory After Issuance of Bonds
Section 6905.260. Charges for District Services
Section 6905.261. Use of Bond Proceeds
Section 6905.262. Appointment of Receiver
Section 6905.263. Refunding Bonds