Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) The resolution authorizing the issuance of the bonds may prohibit the further issuance of bonds or other obligations payable from the pledged revenues or may reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued.
(b) The resolution of the board authorizing the issuance of the bonds may include other provisions and covenants that the board determines necessary.
(c) In a resolution authorizing the issuance of bonds, the board may prescribe systems, methods, routines, and procedures under which the board will function.
(d) The board may adopt and have executed any other proceedings or instruments necessary or convenient in the issuance of bonds.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 164.012. Resolutions - last updated April 14, 2021 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-164-012.html
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