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Texas Statutes (Last Updated: January 4, 2014) |
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SPECIAL DISTRICT LOCAL LAWS CODE |
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Title 6. WATER AND WASTEWATER |
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Subtitle B. FRESH WATER SUPPLY DISTRICTS |
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Chapter 6902. CRANE COUNTY WATER DISTRICT |
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Subchapter E. GENERAL BOND PROVISIONS |
Sec. 6902.204. ELECTION FOR BONDS PAYABLE FROM PROPERTY TAXES
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(a) The district may not issue bonds, except refunding bonds, payable wholly or partly from property taxes unless the issuance of the bonds is authorized by a majority of the district voters at an election.
(b) The district may issue bonds not payable wholly or partly from property taxes without an election.
(c) A bond election may be called by the board on a motion of the board.
(d) A resolution calling a bond election must state:
(1) the time and each place for holding the election;
(2) the purpose for which the bonds are to be issued;
(3) the amount of the bonds;
(4) the form of the ballot; and
(5) other matters considered necessary or advisable by the board.
(e) The board shall give notice of the election by publishing a substantial copy of the resolution calling the election in a newspaper with general circulation in the district once a week for two consecutive weeks, with the first publication to be not later than the 14th day before the date of the election.