Sec. 54.734. DISSOLUTION OF DISTRICT PRIOR TO ISSUANCE OF BONDS. (a) If the board considers it advisable before the issuance of any bonds, notes, or other indebtedness, the board may dissolve the district and liquidate the affairs of the district as provided in Sections 54.734-54.738 of this code.
(b) If a majority of the board finds at any time before the authorization of bonds, notes, or other obligations or the final lending of its credit in another form that the proposed undertaking for any reason is impracticable or apparently cannot be successfully and beneficially accomplished, the board may issue notice of a hearing on a proposal to dissolve the district.
Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.
Section: Previous 54.604 54.728 54.729 54.730 54.731 54.732 54.733 54.734 54.735 54.736 54.737 54.738 54.739 54.740 54.741 NextLast modified: September 28, 2016