Tex. Special District Local Laws Code § 9045.203
TRUST INDENTURE
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 9045.203, TRUST INDENTURE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/622280
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Full text
A trust indenture created under Section 9045.202, regardless of the existence of a deed of trust or mortgage lien on the property, may:
(1) contain provisions prescribed by the board for the security of the bonds and the preservation of the trust estate;
(2) provide for amendment or modification of the trust indenture;
(3) provide for the issuance of bonds to replace lost or mutilated bonds;
(4) condition the right to spend district money or sell district property on the approval of a licensed engineer selected as provided by the trust indenture; and
(5) provide for the investment of district money.