Sec. 9051.257. BONDS SECURED BY REVENUE; ADDITIONAL BONDS. District bonds may be secured by a pledge of all or part of the net revenue of the district, or by the net revenue of one or more contracts made before or after the issuance of the bonds, or other revenue in the manner specified by board resolution. The pledge may reserve the right, under conditions specified by the pledge, to issue additional bonds that will be on a parity with or subordinate to the bonds then being issued.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9051 - Jefferson County Water Control and Improvement District No. 10
Section 9051.252. Issuance of Bonds
Section 9051.253. Form of Bonds
Section 9051.254. Election for Bonds Payable From Ad Valorem Taxes
Section 9051.255. Bonds Payable From Ad Valorem Taxes; Tax Rate
Section 9051.256. Election Not Required for Certain Bonds
Section 9051.257. Bonds Secured by Revenue; Additional Bonds
Section 9051.258. Charges for District Services