Texas Statutes
§ 55.404 — SECURITY FOR BONDS.
Texas·Code WA Water Code
Sec. 55.404. SECURITY FOR BONDS.
(a)Bonds issued under this subchapter may be secured by all or part of the net revenue to be received from a contract for the sale of water by the district to the United States for use at military camps or bases and from all renewals, extensions, or substitutions of the contract.
(b)In addition, the bonds may be secured by a deed of trust lien on the equipment, facilities, and property acquired or constructed with the funds from the sale of the bonds.
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Legislative History
Acts 1971, 62nd Leg., p. 459, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Nearby Sections
15
§ 55.001
DEFINITIONS.§ 55.021
CREATION OF DISTRICT.§ 55.024
PETITION.§ 55.025
DATE SET FOR HEARING.§ 55.026
NOTICE OF HEARING.§ 55.027
HEARING.§ 55.028
FINDINGS; ORDER.§ 55.029
APPEAL.§ 55.031
VOTING PRECINCTS.§ 55.032
ELECTION OFFICIALS.§ 55.037
DIRECTORS.§ 55.038
ISSUANCE OF NOTES.§ 55.039
RECORDATION OF ORDER.