Tex. Spec. Dist. Local Laws Code § 8104.308 · Subchapter G. BONDS AND NOTES
ADDITIONAL SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
At the discretion of the authority and the Baytown City Council, bonds or notes issued under this chapter may be secured additionally by a mortgage or a deed of trust lien or security interest on facilities or assets of the authority and all real property, franchises, easements, leases, contracts, and rights appurtenant to the properties that vest in the trustee the power to:
(1) sell the facilities or assets for payment of the debt;
(2) operate the facilities or assets; and
(3) take any other action to secure the bonds or notes.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8104.htm
- Text hash
- sha256 2cb8f0ad5abad08b2813ae4813480ad49b8330c1cbace0bb20af76a8b4ca9cef
- 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.