Sec. 262.042. FORM AND PROCEDURE  


Latest version.
  • (a) Revenue bonds must be authorized by a resolution adopted by a majority vote of a quorum of the board. The bonds must:

    (1) be signed by the president or vice-president of the board;

    (2) be countersigned by the secretary of the board; and

    (3) have the seal of the authority impressed or printed on the bonds.

    (b) Printed facsimile signatures may be substituted for the actual signatures of the president, vice-president, or secretary.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.