Texas Statutes
§ 54.512 — SALE OR EXCHANGE OF BONDS.
Texas § 54.512
JurisdictionTexas
Code WAWater Code
This text of Texas § 54.512 (SALE OR EXCHANGE 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. Water Code Code Ann. § 54.512 (2026).
Text
Sec. 54.512. SALE OR EXCHANGE OF BONDS.
(a)The board shall sell the bonds on the best terms and for the best possible price but none of the bonds may be sold for less than 95 percent of face value.
(b)The district may exchange bonds for property acquired by purchase or in payment of the contract price of work done or services performed for the use and benefit of the district.
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Legislative History
Added by Acts 1971, 62nd Leg., p. 797, ch. 84, Sec. 1.
Nearby Sections
15
§ 54.001
DEFINITIONS.§ 54.011
CREATION OF DISTRICT.§ 54.012
PURPOSES OF A DISTRICT.§ 54.013
COMPOSITION OF DISTRICT.§ 54.014
PETITION.§ 54.015
CONTENTS OF PETITION.§ 54.016
CONSENT OF CITY.§ 54.0161
REVIEW OF CREATION BY COUNTY.§ 54.020
HEARING.§ 54.021
GRANTING OR REFUSING PETITION.§ 54.022
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Bluebook (online)
Texas § 54.512, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/54.512.