ADDITIONAL SECURITY — Texas Code § SD.8101.258
Texas Code § SD.8101.258 — ADDITIONAL SECURITY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ SD.8101.258. ADDITIONAL SECURITY
ADDITIONAL SECURITY. (a) Bonds, including refunding bonds, payable partly or wholly from a pledge of revenue authorized by this subchapter may be additionally secured by a mortgage lien on physical properties of the authority and all franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to those properties, vesting in the trustee under the trust indenture the power to: (1) sell the properties for payment of the debt; (2) operate the properties; and (3) take any other action to secure the bonds. (b) A purchaser under a sale under the deed of trust: (1) is the absolute owner of the properties and facilities purchased; and (2) is entitled to maintain and operate those properties and facilities. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § SD.8101.258
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: ADDITIONAL SECURITY
- Text: transcribed from the official source (verify below)
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Common questions
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The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § SD.8101.258 address?
It addresses "ADDITIONAL SECURITY". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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