Sec. 8509.0314. LIMITATION ON RIGHTS OF BONDHOLDERS. 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 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8509 - Palo Duro Water District
Section 8509.0301. Authority to Issue Bonds
Section 8509.0302. Form of Bonds
Section 8509.0304. Election for Bonds Payable From Ad Valorem Taxes
Section 8509.0305. Bonds Payable From Revenue
Section 8509.0306. Bonds Payable From Ad Valorem Taxes
Section 8509.0307. Tax and Rate Requirements
Section 8509.0308. Additional Security
Section 8509.0309. Trust Indenture
Section 8509.0310. Interim Bonds or Notes
Section 8509.0311. Use of Bond Proceeds
Section 8509.0312. Appointment of Receiver
Section 8509.0313. Refunding Bonds