{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8288.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8288.205","heading":"ADDITIONAL SECURITY.","body":"(a) District bonds may be additionally secured, at the discretion of the board, by a deed of trust or mortgage lien on all or part of the district's physical property, facilities, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee power to:\n(1) sell the property for the payment of the debt;\n(2) operate the property; and\n(3) take other action to further secure the bonds.\n(b) A purchaser under a sale under the deed of trust lien, if one is given:\n(1) is the absolute owner of the property, facilities, and rights purchased; and\n(2) is entitled to maintain and operate the property, facilities, and rights.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8288. MEEKER MUNICIPAL WATER DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8288.htm#8288.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"c8f6a0751809936e7b52fdeb49b2bfa8a66f14ed7b820be23f90d1d4971bc800","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8288.204","next":"us-tx/tex.-special-district-local-laws-code-8288.206"},"notice":"GroundRules: Original legal text. Not legal advice."}