Texas § 1505.208 BONDS NOT PAYABLE FROM TAXES.

Texas Statutes

§ 1505.208 — BONDS NOT PAYABLE FROM TAXES.

Texas § 1505.208

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1505.208 (2026).

Text

Sec. 1505.208. BONDS NOT PAYABLE FROM TAXES.

(a)A bond issued under this subchapter:

(1)is not a debt of the municipality; and

(2)may be a charge only against the property, facilities, and contracts authorized by the bond authorization.

(b)Each bond issued under this subchapter must state on its face the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from any money raised by taxation."

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Sec. 1505.208. BONDS NOT PAYABLE FROM TAXES. (a) A bond issued under this subchapter:
(1) is not a debt of the municipality; and
(2) may be a charge only against the property, facilities, and contracts authorized by the bond authorization.
(b) Each bond issued under this subchapter must state on its face the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from any money raised by taxation."