Texas Local Government Code - LOC GOV'T § 563.102. Additional Bond Security

(1) operate the property;

(2) sell the property to pay the debt; or

(3) take any other action to secure the bonds.

(1) contain any provision that the commissioners court prescribes for the security of the bonds and the preservation of the trust estate;

(2) provide for amendment or modification of the trust indenture; and

(3) provide for investment of money from the wastewater collection and treatment system or water supply and distribution system.

(1) is the absolute owner of the property and the rights purchased; and

(2) may maintain and operate the property.