GroundRules
Tex. Special District Local Laws Code § 9011.257: ADDITIONAL SECURITY.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS
- CHAPTER 9011. BELL COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT NO. 3
- SUBCHAPTER F. BONDS
(a) Bonds, including refunding bonds, authorized by this subchapter may be additionally secured by a deed of trust lien on physical property of the district, franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee the power to:
(1) sell the property; and
(2) take other action to further secure the bonds.
(b) A purchaser under a sale under the deed of trust:
(1) is the owner of the property and facilities purchased; and
(2) is entitled to maintain and operate the property and facilities.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.
Collected 2026-08-27T01:47:41Z. Source file · JSON