Texas § 60.175 EXECUTION AND SALE OF OBLIGATIONS.

Texas Statutes

§ 60.175 — EXECUTION AND SALE OF OBLIGATIONS.

Texas § 60.175

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Bluebook

Tex. Water Code Code Ann. § 60.175 (2026).

Text

Sec. 60.175. EXECUTION AND SALE OF OBLIGATIONS.

(a)Each note, warrant, or other security evidencing any indebtedness created under the provisions of this subchapter shall be signed by the chairman of the commission, countersigned by the secretary of the commission, and have the seal of the district impressed on it.

(b)Each note, warrant, or other security may be registered as to principal by the trustee named and designated by the commission in the trust indenture executed by the commission to secure payment of the obligation.

(c)The evidences of indebtedness may be sold by the commission on the best terms and for the best price possible.

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Sec. 60.175. EXECUTION AND SALE OF OBLIGATIONS. (a) Each note, warrant, or other security evidencing any indebtedness created under the provisions of this subchapter shall be signed by the chairman of the commission, countersigned by the secretary of the commission, and have the seal of the district impressed on it.
(b) Each note, warrant, or other security may be registered as to principal by the trustee named and designated by the commission in the trust indenture executed by the commission to secure payment of the obligation.
(c) The evidences of indebtedness may be sold by the commission on the best terms and for the best price possible.