Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 3. HEALTH |
Subtitle A. HOSPITAL DISTRICTS |
Chapter 1047. JASPER HOSPITAL DISTRICT |
Subchapter E. BONDS |
Sec. 1047.202. CANCELLATION OF BOND
Latest version.
-
(a) On the payment of interest or for the redemption of district bonds, the depository shall receive and cancel any interest coupon paid or bond discharged.
(b) When the interest coupon or bond is delivered to the board:
(1) the account of the depository shall be credited with the amount of the coupon or bond; and
(2) the coupon or bond shall be canceled and destroyed.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.02, eff. April 1, 2009.