Texas Statutes
§ 7880 — MAY INVEST SINKING FUND.
Texas·Code WL Auxiliary Water Laws
Art. 7880. MAY INVEST SINKING FUND. The directors are empowered, whenever they deem it advisable, to invest any sinking fund of the district in bonds of the United States, of this State, of any county of Texas, any irrigation or water improvement or navigation bonds, or bonds of any school district in Texas authorized to issue bonds. No bonds shall be so purchased whose terms provide for their maturity at a date subsequent to the time of the maturity of the bonds for the payment of which such sinking fund was created.
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Legislative History
Acts 1918, 35th Leg., 4th C.S., p. 74, ch. 43; Acts 1979, 66th Leg., p. 2317, ch. 841, Sec. 4(j), eff. Jan. 1, 1982.
Nearby Sections
15
§ 7808
MAY ESTABLISH.§ 7809
PURPOSES.§ 7810
POWERS.§ 7811
PETITION.§ 7812
CONTINGENT DEPOSIT.§ 7813
NOTICE OF HEARING.§ 7814
HEARING.§ 7816
FINDINGS.§ 7817
MAY RENEW PETITION.§ 7819
APPEAL: PROCEEDINGS.§ 7820
ELECTION ORDER.§ 7821
NOTICE OF ELECTION.§ 7822
BALLOT.§ 7823
ELECTION: CONDUCT OF.