Texas Water Code - Section 63.167. Form Of Bonds
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Texas Laws > Water Code > Texas Water Code - Section 63.167. Form Of Bonds
Section: 63.160 63.161 63.162 63.163 63.164 63.165 63.166 63.167 63.168 63.169 63.170 63.171 63.172 63.173 63.174
§ 63.167. FORM OF BONDS. (a) The bonds shall be issued in
the manner that other bonds are issued under this chapter, and the
amount of the bonds may not be more than the cost of the
improvements estimated by the engineer.
(b) The bonds shall be issued in the name of the district and
shall be signed by the president of the commission and attested by
the secretary with the seal of the district attached.
(c) The bonds shall be issued in the denominations and
payable at the times, not more than 40 years, considered most
expedient by the board. Interest shall be payable annually or
Acts 1971, 62nd Leg., p. 110, ch. 58, § 1, eff. Aug. 30, 1971.
Last modified: August 11, 2007