Tex. Auxiliary Water Laws art. 7859
ISSUANCE OF BONDS
Texas · Texas Auxiliary Water Laws · Status: effective
Cite this
- Citation
- Tex. Auxiliary Water Laws art. 7859, ISSUANCE OF BONDS, Texas, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/769020
- Permanent ID
ys:prov:769020@1- SHA-256
030dc0bb9f25d00448a1a035239d87445b0bab4292bb8c2f8b38a732d5dd2a3f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Immediately after their organization, the directors shall enter an order directing the issuance of bonds for such district within the limits authorized by the election held therefor, sufficient to cover the cost of the proposed improvements, all of the expenses incident thereto, and the expenses necessarily incurred in connection with the creation and establishment of the district; and they shall levy a tax upon all property subject to taxation in the district, sufficient to pay the interest on such bonds, with an amount to be placed in the sinking fund sufficient to redeem said bonds at maturity, and such levy shall remain as a levy for such purpose until a new levy is made.