Texas Statutes
§ 55.502 — FORMAL REQUIREMENTS OF BONDS.
Texas § 55.502
JurisdictionTexas
Code WAWater Code
This text of Texas § 55.502 (FORMAL REQUIREMENTS 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. § 55.502 (2026).
Text
Sec. 55.502. FORMAL REQUIREMENTS OF BONDS.
(a)The board shall issue bonds in the name of the district, and the president shall sign the bonds, the secretary shall attest to them, and the district's seal shall be impressed on them.
(b)The bonds shall be issued in denominations of not less than $100 nor more than $1,000 each.
(c)The bonds shall be payable annually or semiannually and shall mature not more than 40 years after they are issued.
(d)The bonds may be issued to mature in serial form at any date which does not come later than the date specified in the notice of election and may bear any rate of interest which is not more than the rate of interest specified in the notice.
(e)The terms of the bonds shall include the time, place, manner, and conditions of payment and the interest
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Legislative History
Acts 1971, 62nd Leg., p. 466, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Nearby Sections
15
§ 55.001
DEFINITIONS.§ 55.021
CREATION OF DISTRICT.§ 55.024
PETITION.§ 55.025
DATE SET FOR HEARING.§ 55.026
NOTICE OF HEARING.§ 55.027
HEARING.§ 55.028
FINDINGS; ORDER.§ 55.029
APPEAL.§ 55.031
VOTING PRECINCTS.§ 55.032
ELECTION OFFICIALS.§ 55.037
DIRECTORS.§ 55.038
ISSUANCE OF NOTES.§ 55.039
RECORDATION OF ORDER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 55.502, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/55.502.