Section 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.Tex. Gov't. Code § 1474.053
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.