Texas Water Code
Sec. § 57.208
Issuance of Bonds


(a)

If the issuance of bonds and the levy of taxes to pay for the bonds are approved by the electors of the district, the board may order the issuance of the bonds in one or more installments as the board may deem necessary from time to time up to the amount approved at the election.

(b)

The bonds shall be known as “Levee Improvement Bonds”.

(c)

The bonds shall be:

(1)

issued in the name of the district;

(2)

signed by the chairman of the board; and

(3)

attested by the secretary of the board with the seal of the district affixed to the bonds.

(d)

The board shall fix the denominations, terms and conditions of the bonds and make them payable at an expedient time not more than 30 years from the date on the bonds.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 1977, 65th Leg., p. 1249, ch. 483, Sec. 7, eff. Aug. 29, 1977; Acts 2003, 78th Leg., ch. 248, Sec. 44, eff. June 18, 2003.
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Last accessed
Sep. 20, 2020