Texas Water Code

§ 53.179 — SELLING BONDS

WA § 53.179Title 4. GENERAL LAW DISTRICTS · Ch. 53. FRESH WATER SUPPLY DISTRICTS · Art. F. BOND AND TAX PROVISIONS

Statute text

After the bonds are registered, the board shall sell them on the best terms and for the best price possible. The board shall promptly pay to the district depository the money received from the sale of the bonds. The district depository shall hold the money for the district.

Legislative history

Acts 1971, 62nd Leg., p. 415, ch. 58, Sec. 1, eff. Aug. 30, 1971.