Texas § 9011.257 ADDITIONAL SECURITY.

Texas Statutes

§ 9011.257 — ADDITIONAL SECURITY.

Texas § 9011.257

Code SDSpecial District Local Laws Code

This text of Texas § 9011.257 (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. § 9011.257 (2026).

Text

Sec. 9011.257. ADDITIONAL SECURITY.

(a)Bonds, including refunding bonds, authorized by this subchapter may be additionally secured by a deed of trust lien on physical property of the district, franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee the power to:

(1)sell the property; and

(2)take other action to further secure the bonds.

(b)A purchaser under a sale under the deed of trust:

(1)is the owner of the property and facilities purchased; and

(2)is entitled to maintain and operate the property and facilities.

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Sec. 9011.257. ADDITIONAL SECURITY. (a) Bonds, including refunding bonds, authorized by this subchapter may be additionally secured by a deed of trust lien on physical property of the district, franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee the power to:
(1) sell the property; and
(2) take other action to further secure the bonds.
(b) A purchaser under a sale under the deed of trust:
(1) is the owner of the property and facilities purchased; and
(2) is entitled to maintain and operate the property and facilities.