Section 1474.055 - Order Issuing Bonds and Imposing Tax(a) If the issuance of the bonds and imposition of the tax are approved at the election, the commissioners court by order entered at a regular term of the court shall: (1) direct the issuance of the bonds;(2) provide for the annual imposition of a tax sufficient to pay the current interest on the bonds and to pay the principal of the bonds at maturity; and(3) state the place or places at which the interest is payable.(b) The commissioners court shall annually impose a tax sufficient to pay the current interest on the bonds and to pay the principal of the bonds at maturity.Tex. Gov't. Code § 1474.055
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.