Sec. 6906.152. AUTHORITY TO BORROW MONEY AND ISSUE BONDS. The district, in the manner and to the extent permitted by this chapter, may:
(1) borrow money for any of its corporate purposes;
(2) enter into agreements in connection with the borrowing;
(3) issue its bonds for money borrowed;
(4) provide for and secure the payment of its bonds; and
(5) provide for the rights of the holders of its 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 6906 - Coryell City Water Supply District
Subchapter D. General Financial Provisions
Section 6906.151. District Money
Section 6906.152. Authority to Borrow Money and Issue Bonds
Section 6906.154. Investment of District Money
Section 6906.155. District Facilities Exempt From Taxation and Assessment