Tex. Spec. Dist. Local Laws Code Section 8104.307
Trust Indenture

(a)

Bonds or notes, including refunding bonds, authorized by this chapter may be additionally secured by a trust indenture under which the trustee may be a bank that has trust powers. The bank may be located in or outside of this state.

(b)

Regardless of any mortgage or deed of trust lien or security interest in the facilities or assets, the trust indenture may:

(1)

contain any provision prescribed by the authority and the Baytown City Council for the security of the bonds or notes and the preservation of the trust estate;

(2)

provide for amendment or modification of the trust indenture;

(3)

condition the right to spend authority money or to sell the authority’s facilities or assets on approval of a licensed engineer selected as provided by the trust indenture; and

(4)

include any other provision to protect and enforce the rights and remedies of the bond or note holders as may be reasonable and proper.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.

Source: Section 8104.307 — Trust Indenture, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­8104.­htm#8104.­307 (accessed May 4, 2024).

8104.001
Definitions 8104.002
Nature of Authority 8104.003
Finding of Benefit and Public Purpose 8104.004
State Policy Regarding Waste Disposal 8104.005
Other Districts Required to Contract with Authority 8104.006
Relationship to Gulf Coast Authority 8104.007
Relationship to Other Districts 8104.008
Rights, Powers, Privileges, and Functions of Municipal Utility Districts 8104.051
District Territory 8104.052
Annexation of Territory 8104.053
Exclusion of Territory 8104.101
Composition 8104.102
Eligibility to Serve 8104.103
Terms 8104.104
Vacancies 8104.105
Officers 8104.106
Director’s Bond 8104.107
Voting Requirement 8104.108
Signature for Board Actions 8104.151
General Manager 8104.152
Powers and Duties of General Manager 8104.153
Bond of General Manager and Certain Employees 8104.154
Contract with City of Baytown for Administrative Functions 8104.201
Water Supply and Distribution 8104.202
Facilities for Water Transportation and Distribution 8104.203
Waste Services 8104.204
Contracts 8104.205
Consent Required for Waste Treatment and Disposal Facilities 8104.206
Acquisition of Water Rights Not Prevented 8104.207
Election Not Required to Approve Contracts 8104.208
Cost of Relocating Property 8104.251
Fiscal Year 8104.252
Authority Depository 8104.253
Investment Authority 8104.254
Rents, Rates, Fees, and Charges 8104.255
Grants and Assistance 8104.256
Property Tax Prohibition 8104.301
Borrowing Through Bonds or Notes 8104.302
Refunding Bonds 8104.303
Form of Bonds 8104.304
Maturity 8104.305
Resolution and Trust Indenture Provisions 8104.306
Security for Bonds or Notes 8104.307
Trust Indenture 8104.308
Additional Security 8104.309
Review and Approval of Contracts Relating to Bonds or Notes 8104.310
Bonds and Notes Exempt from Taxation 8104.311
Bond or Note Sale Proceeds 8104.312
Investment of Funds and Use of Proceeds 8104.313
Appointment of Receiver 8104.314
Enforcement 8104.315
State Pledge Regarding Rights and Remedies of Bond or Note Holders 8104.316
Limitation on Right of Bond or Note Holders
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 8104.307’s source at texas​.gov