Texas § WA.65.502 - FORM OF BONDS AND NOTES
Full text of Texas The Texas Constitution § WA.65.502 — FORM OF BONDS AND NOTES, with citation guidance and answers to common questions.
§ WA.65.502. FORM OF BONDS AND NOTES
FORM OF BONDS AND NOTES. (a) A district may issue its bonds or notes in various series or issues. (b) Bonds or notes shall mature serially or otherwise not more than 40 years from their date and shall bear interest at any rate permitted by the constitution and laws of this state. The board shall determine the maturity and the interest rate of the bonds and notes. (c) A district's bonds, notes, and interest coupons, if any, are investment securities under Chapter 8 , Business & Commerce Code, and may be issued registrable as to principal or as to both principal and interest. The board may make the bonds redeemable before maturity, at the option of the district, or may include in the bonds a mandatory redemption provision. (d) A district's bonds or notes may be issued in the form, denominations, and manner and under the terms, conditions, and details, and must be signed and executed, as provided by the board in the resolution or order authorizing the issuance of the bonds or notes. Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff. Aug. 29, 1983. Amended by Acts 1985, 69th Leg., ch. 447, Sec. 1, eff. Nov. 15, 1985.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.65.502
What does The Texas Constitution § WA.65.502 cover?
Section WA.65.502 ("FORM OF BONDS AND NOTES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § WA.65.502?
A common citation format is "The Texas Constitution § WA.65.502" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § WA.65.502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.