Sec. 1474.053. REQUIREMENT TO STATE CHARACTERISTICS OF BONDS. (a) Except as provided by Subsection (b), the petition for the election, the election order, and the notice of the election must state: (1) the amount of bonds to be issued; (2) the rate of interest of the bonds; (3) the times at which interest on the bonds is payable; and (4) the date of maturity of the bonds. (b) The election order and the notice of the election may provide that: (1) the bonds may bear interest at a rate to be set by the commissioners court; (2) any interest may be paid at times set by the commissioners court; and (3) the bonds may mature at the times set by the commissioners court.
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