Texas § 8104.308 ADDITIONAL SECURITY.

Texas Statutes

§ 8104.308 — ADDITIONAL SECURITY.

Texas § 8104.308

Code SDSpecial District Local Laws Code

This text of Texas § 8104.308 (ADDITIONAL SECURITY.) 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. Special District Local Laws Code Code Ann. § 8104.308 (2026).

Text

Sec. 8104.308. ADDITIONAL SECURITY. At the discretion of the authority and the Baytown City Council, bonds or notes issued under this chapter may be secured additionally by a mortgage or a deed of trust lien or security interest on facilities or assets of the authority and all real property, franchises, easements, leases, contracts, and rights appurtenant to the properties that vest in the trustee the power to:

(1)sell the facilities or assets for payment of the debt;

(2)operate the facilities or assets; and

(3)take any other action to secure the bonds or notes.

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Sec. 8104.308. ADDITIONAL SECURITY. At the discretion of the authority and the Baytown City Council, bonds or notes issued under this chapter may be secured additionally by a mortgage or a deed of trust lien or security interest on facilities or assets of the authority and all real property, franchises, easements, leases, contracts, and rights appurtenant to the properties that vest in the trustee the power to:
(1) sell the facilities or assets for payment of the debt;
(2) operate the facilities or assets; and
(3) take any other action to secure the bonds or notes.