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Texas Water Code - WATER § 63.257. Bond Record

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) After bonds are issued, the board shall procure and deliver to the secretary of the district a well-bound book for recording the bonds.

(b) The record kept in the book shall include:

(1) the bonds and their numbers;

(2) the amount of the bonds;

(3) the interest rate;

(4) the date of issuance;

(5) the date the bonds become due;

(6) the place where the bonds are payable;

(7) the amount received for each bond;  and

(8) the tax levy to pay interest and provide a sinking fund.

(c) The bond record shall be available for public inspection by all interested parties in the district.

(d) On payment of a bond, an entry of the payment shall be made in the bond record.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 63.257. Bond Record - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-63-257/

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