Texas Water Code - Section 54.512. Sale Or Exchange Of Bonds
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Texas Laws > Water Code > Texas Water Code - Section 54.512. Sale Or Exchange Of Bonds
§ 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.
Added by Acts 1971, 62nd Leg., p. 797, ch. 84, § 1.
Section: 54.501 54.502 54.503 54.504 54.505 54.507 54.510 54.512 54.514 54.5161 54.518 54.520 54.521 54.522 54.601
Last modified: August 11, 2007
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