Texas § HS.363.137 - OTHER SECURITY
Full text of Texas The Texas Constitution § HS.363.137 — OTHER SECURITY, with citation guidance and answers to common questions.
§ HS.363.137. OTHER SECURITY
OTHER SECURITY. (a) The bonds may be additionally secured by a deed of trust or mortgage lien on part or all of the physical property of a solid waste management system, including a resource recovery system, of the public agency and rights appurtenant to that property. (b) The deed of trust or mortgage lien may give the trustee the power to operate the property, sell the property to pay the debt, or take any other action to secure the bonds. A purchaser at a sale under a deed of trust or mortgage lien is the absolute owner of the property and rights purchased. (c) Regardless of any deed of trust or mortgage lien under Subsection (a), the trust indenture may: (1) contain any provision that the governing body prescribes for the security of the bonds and the preservation of the trust estate; (2) provide for amendment or modification of the trust indenture; and (3) provide for investment of the public agency's funds. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.363.137
What does The Texas Constitution § HS.363.137 cover?
Section HS.363.137 ("OTHER SECURITY") 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 § HS.363.137?
A common citation format is "The Texas Constitution § HS.363.137" (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 § HS.363.137 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.