Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 6. WATER AND WASTEWATER |
Subtitle F. MUNICIPAL UTILITY DISTRICTS |
Chapter 8104. BAYTOWN AREA WATER AUTHORITY |
Subchapter G. BONDS AND NOTES |
Sec. 8104.303. FORM OF BONDS; LIABILITY
Latest version.
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(a) Bonds or notes, including a coupon attached to a bond or note, issued under this chapter shall:
(1) be signed by the board's president or vice president; and
(2) be attested by the board's secretary.
(b) A director, a board officer, or a person who executes a bond, note, or coupon for the authority is not liable personally on the bond, note, or coupon by participating in its issuance.
Added by Acts 2005, 79th Leg., Ch. 729 , Sec. 1.06, eff. April 1, 2007.