Tex. Auxiliary Water Laws § 7868
This is the official text of Tex. Auxiliary Water Laws § 7868, part of Texas’s Auxiliary Water Laws — supplementary Texas statutes on water rights not consolidated into the Water Code.
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§ 7868.
Official statutory text
Art. 7868. BONDS: SALE. After registration of said bonds by the Comptroller, the directors shall sell the same on the best terms and for the best price possible, not less than their face value and the accrued interest thereon; or they may exchange bonds in payment of the contract price for work to be done for the use and benefit of said district. All moneys received from the sale of bonds shall be forthwith paid to the district depository.
Status: in_force · Read it on the official government site
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