Sec. 1205.024. PLEADING CONTENTS    


Latest version.
  • The petition in an action under this chapter must briefly set out, by allegation, reference, or exhibit:

    (1) the issuer's authority to issue the public securities;

    (2) the purpose of the public securities;

    (3) the holding and result of any required election;

    (4) a copy of or a pertinent excerpt from each public security authorization, including any essential action or expenditure of money;

    (5) the amount or proposed maximum amount of the public securities;

    (6) the interest rate or rates or the proposed maximum interest rate of the public securities;

    (7) in a suit relating to the validity or organization of an issuer, the authority for and the proceedings relating to the creation of the issuer or a boundary change; and

    (8) any other pertinent matter.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.