Tex. Water Code § 51.801
This is the official text of Tex. Water Code § 51.801, part of Texas’s Water Code — governs water rights and water resource management.
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§ 51.801. DESTROYING UNSOLD BONDS.
Official statutory text
If a majority of the electors at the election vote in favor of the dissolution of the district, the board shall destroy all unsold bonds of the district and enter an order cancelling all unissued and unsold bonds authorized by the electors. After the destruction and the entry of the order, the bonds shall have no further force or effect.
Status: in_force · Read it on the official government site
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