Texas Water Code 62.199 – Record of Bonds
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(a) After bonds have been issued under the provisions of this chapter, the board shall procure and deliver to the treasurer of the county of jurisdiction a well-bound book in which a record shall be kept of all the bonds.
(b) A record shall be kept in the book of:
(1) the bond numbers and amount of the bonds;
(2) the rate of interest;
(3) the date of issuance and the date when the bonds are due and where payable;
(4) the proceeds from the bonds;
(5) the tax levy to pay interest on and to provide a sinking fund for bond payment; and
(6) any payment of a bond.
Terms Used In Texas Water Code 62.199
- Board: means the navigation board. See Texas Water Code 62.001
- District: means a navigation district operating under the provisions of Article XVI, § 59, of the Texas Constitution. See Texas Water Code 62.001
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(c) The book shall at all times be open to the inspection of interested parties, either taxpayers, bondholders, or otherwise, in the district.
(d) The county treasurer shall receive for his services in recording these matters the same fees which are allowed by law to the county clerk for similar records.