Tex. Nat. Res. Code § 62.132 · Subchapter E. ISSUANCE OF BONDS
FORMAL REQUIREMENTS OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The bonds may be issued by resolution adopted by the board without the necessity of an election.
(b) The bonds may be issued in the name of the board in one or more installments or series and shall mature serially or otherwise within 40 years from their date or dates.
(c) The bonds shall be issued on the terms and conditions, with regard to the security, manner, place, and time of payment, pledge of designated revenue, redemption before maturity, and the issuance of additional parity or junior lien bonds, that the board specifies in the resolution or resolutions authorizing the bonds.
(d) The bonds shall be executed by the chairman and secretary of the board and shall be signed by the chairman and secretary or shall bear the facsimile signature of either or both.
(e) The bonds shall display the seal of the board, which may be impressed, printed, or lithographed on the bonds.
Notes and commentary — not statutory text
History
Acts 1977, 65th Leg., p. 2497, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.62.htm
- Text hash
- sha256 3d7938d114b5de3ef433853cf52c252306cc9fd1ca75d0632b08452cd2cf8372
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.