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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as provided by Subsection (b), the petition for the election, the election order, and the notice of the election must state:
(1) the amount of bonds to be issued;
(2) the rate of interest of the bonds;
(3) the times at which interest on the bonds is payable; and
(4) the date of maturity of the bonds.
(b) The election order and the notice of the election may provide that:
(1) the bonds may bear interest at a rate to be set by the commissioners court;
(2) any interest may be paid at times set by the commissioners court; and
(3) the bonds may mature at the times set by the commissioners court.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1474.053. Requirement to State Characteristics of Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1474-053/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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