Texas § 265.041 TERMS OF BONDS.

Texas Statutes

§ 265.041 — TERMS OF BONDS.

Texas § 265.041

Code HSHealth and Safety Code

This text of Texas § 265.041 (TERMS 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. Health and Safety Code Code Ann. § 265.041 (2026).

Text

Sec. 265.041. TERMS OF BONDS.

(a)The revenue bonds may mature serially or otherwise not more than 40 years after they are issued. The bonds may bear interest at a rate not to exceed the maximum rate provided by Chapter 1204 , Government Code, and may be made redeemable prior to maturity.

(b)The bonds and any appurtenant interest coupons are negotiable instruments.

(c)The bonds may be made registrable as to principal or as to principal and interest.

(d)The directors may determine, in the proceedings authorizing the issuance of the bonds:

(1)the form, denominations, and manner in which the bonds are issued;

(2)the terms and details under which the bonds are issued; and

(3)the manner in which the bonds are executed.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 265.041. TERMS OF BONDS. (a) The revenue bonds may mature serially or otherwise not more than 40 years after they are issued. The bonds may bear interest at a rate not to exceed the maximum rate provided by Chapter 1204 , Government Code, and may be made redeemable prior to maturity.
(b) The bonds and any appurtenant interest coupons are negotiable instruments.
(c) The bonds may be made registrable as to principal or as to principal and interest.
(d) The directors may determine, in the proceedings authorizing the issuance of the bonds:
(1) the form, denominations, and manner in which the bonds are issued;
(2) the terms and details under which the bonds are issued; and
(3) the manner in which the bonds are executed.