Sec. 51.432. SALE OF BONDS. (a) After the bonds are issued by the district, the board shall sell the bonds on the best terms and for the best price possible. (b) The board shall pay the proceeds from the sale of the bonds to the district depository. (c) The district may exchange bonds for property acquired by purchase or to pay the contract price of work done for the use and benefit of the district.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.