83rd Texas Legislature, Regular Session, Senate Bill 628, Chapter 552 Page: 13 of 19
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r'.
S.B. No. 628
for the district's region may adopt rules necessary to administer
this section.
Sec. 772.523. ISSUANCE OF BONDS. The board may issue bonds
in the name of the district to finance:
(1) the acquisition by any method of facilities,
equipment, or supplies necessary for the district to provide 9-1-1
service to each participating jurisdiction; or
(2) the installation of equipment necessary for the
district to provide 9-1-1 service to each participating
jurisdiction.
Sec. 772.524. REPAYMENT OF BONDS. The board may provide for
the payment of principal of and interest on district bonds by
pledging all or part of the district's revenues from the 9-1-1
emergency service fee or from other sources.
Sec. 772.525. ADDITIONAL SECURITY FOR BONDS. (a) District
bonds may be additionally secured by a deed of trust or mortgage
lien on all or part of the district's physical properties and rights
appurtenant to the properties, vesting in the trustee power to sell
the properties for payment of the indebtedness, power to operate
the properties, and any other power necessary for the further
security of the bonds.
(b) The bond trust indenture, regardless of the existence of
a deed of trust or mortgage lien on the properties, may:
(1) contain provisions prescribed by the board for the
security of the bonds and the preservation of the trust estate; and
(2) make provisions for:
(A) amendment or modification; and
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Texas. Legislature. Senate. 83rd Texas Legislature, Regular Session, Senate Bill 628, Chapter 552, legislative document, June 14, 2013; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth437965/m1/13/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.