Texas § 58.800 ISSUANCE AND SALE OF DISSOLUTION BONDS.

Texas Statutes

§ 58.800 — ISSUANCE AND SALE OF DISSOLUTION BONDS.

Texas § 58.800

Code WAWater Code

This text of Texas § 58.800 (ISSUANCE AND SALE OF DISSOLUTION 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. § 58.800 (2026).

Text

Sec. 58.800. ISSUANCE AND SALE OF DISSOLUTION BONDS.

(a)If a majority of the electors at the election vote in favor of the dissolution of the district and the issuance of bonds and the levy of taxes for the payment of the bonds, the board shall issue and sell the bonds or any part of them. The bonds shall be known as "dissolution bonds."

(b)The board may deliver the dissolution bonds or any part of them in satisfaction of the valid, enforceable indebtedness of the district for which the bonds are issued, or in payment of expenses incurred or to be incurred in connection with the dissolution of the district, or in payment of services rendered or to be rendered to the district.

(c)The dissolution bonds shall be:

(1)serially numbered, commencing with the first maturities;

(2)issued in th

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

Sec. 58.800. ISSUANCE AND SALE OF DISSOLUTION BONDS. (a) If a majority of the electors at the election vote in favor of the dissolution of the district and the issuance of bonds and the levy of taxes for the payment of the bonds, the board shall issue and sell the bonds or any part of them. The bonds shall be known as "dissolution bonds."
(b) The board may deliver the dissolution bonds or any part of them in satisfaction of the valid, enforceable indebtedness of the district for which the bonds are issued, or in payment of expenses incurred or to be incurred in connection with the dissolution of the district, or in payment of services rendered or to be rendered to the district.
(c) The dissolution bonds shall be:
(1) serially numbered, commencing with the first maturities;
(2) issued in the name of the district;
(3) signed by the president; and
(4) attested by the secretary, with the seal of the district attached.
(d) The board shall determine the maturities of the bonds not to exceed seven years from their date, the denominations of the bonds, and the interest.