{"data":{"id":"us-tx/tex.-special-district-local-laws-code-11003.258","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 11003.258","heading":"TRUST INDENTURE.","body":"(a) District bonds, including refunding bonds, that are not payable wholly from ad valorem taxes may be additionally secured by a trust indenture. The trustee may be a bank with trust powers located inside or outside the state.\n(b) A trust indenture, regardless of the existence of a deed of trust or mortgage lien on property, may:\n(1) provide for the security of the bonds and the preservation of the trust estate as prescribed by the board;\n(2) provide for amendment or modification of the trust indenture;\n(3) provide for the issuance of bonds to replace lost or mutilated bonds;\n(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\n(5) provide for the investment of district money.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.07, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE X. DISTRICTS WITH COMBINED POWERS","CHAPTER 11003. MATADOR WATER DISTRICT","SUBCHAPTER F. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.11003.htm#11003.258","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"5a1d2a16fe2fb3ce156aeb6fdc5876e34ef325c048e2e4053578070cd4855be5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-11003.257","next":"us-tx/tex.-special-district-local-laws-code-11003.259"},"notice":"GroundRules: Original legal text. Not legal advice."}