Texas § 1474.053 REQUIREMENT TO STATE CHARACTERISTICS OF BONDS.

Texas Statutes

§ 1474.053 — REQUIREMENT TO STATE CHARACTERISTICS OF BONDS.

Texas § 1474.053

Code GVGovernment Code

This text of Texas § 1474.053 (REQUIREMENT TO STATE CHARACTERISTICS OF BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1474.053 (2026).

Text

Sec. 1474.053. REQUIREMENT TO STATE CHARACTERISTICS OF BONDS.

(a)Except as provided by Subsection (b), the petition for the election, the election order, and the notice of the election must state:

(1)the amount of bonds to be issued;

(2)the rate of interest of the bonds;

(3)the times at which interest on the bonds is payable; and

(4)the date of maturity of the bonds.

(b)The election order and the notice of the election may provide that:

(1)the bonds may bear interest at a rate to be set by the commissioners court;

(2)any interest may be paid at times set by the commissioners court; and

(3)the bonds may mature at the times set by the commissioners court.

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Sec. 1474.053. REQUIREMENT TO STATE CHARACTERISTICS OF BONDS. (a) Except as provided by Subsection (b), the petition for the election, the election order, and the notice of the election must state:
(1) the amount of bonds to be issued;
(2) the rate of interest of the bonds;
(3) the times at which interest on the bonds is payable; and
(4) the date of maturity of the bonds.
(b) The election order and the notice of the election may provide that:
(1) the bonds may bear interest at a rate to be set by the commissioners court;
(2) any interest may be paid at times set by the commissioners court; and
(3) the bonds may mature at the times set by the commissioners court.