Sec. 383.023. TERMS

Latest version.

Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1) bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;
(2) be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;
(3) be in coupon form; and
(4) be registrable as to principal or as to principal and interest.

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

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');