ADDITIONAL SECURITY — Texas Code § SD.8104.308
Texas Code § SD.8104.308 — ADDITIONAL SECURITY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ SD.8104.308. ADDITIONAL SECURITY
ADDITIONAL SECURITY. At the discretion of the authority and the Baytown City Council, bonds or notes issued under this chapter may be secured additionally by a mortgage or a deed of trust lien or security interest on facilities or assets of the authority and all real property, franchises, easements, leases, contracts, and rights appurtenant to the properties that vest in the trustee the power to: (1) sell the facilities or assets for payment of the debt; (2) operate the facilities or assets; and (3) take any other action to secure the bonds or notes. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.06, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § SD.8104.308
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: ADDITIONAL SECURITY
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official The Texas Constitution. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Texas attorney.
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.8104.308 address?
It addresses "ADDITIONAL SECURITY". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is The Texas Constitution § SD.8104.308 still in force?
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