Texas § SD.8104.307 - TRUST INDENTURE
Full text of Texas The Texas Constitution § SD.8104.307 — TRUST INDENTURE, with citation guidance and answers to common questions.
§ SD.8104.307. TRUST INDENTURE
TRUST INDENTURE. (a) Bonds or notes, including refunding bonds, authorized by this chapter may be additionally secured by a trust indenture under which the trustee may be a bank that has trust powers. The bank may be located in or outside of this state. (b) Regardless of any mortgage or deed of trust lien or security interest in the facilities or assets, the trust indenture may: (1) contain any provision prescribed by the authority and the Baytown City Council for the security of the bonds or notes and the preservation of the trust estate; (2) provide for amendment or modification of the trust indenture; (3) condition the right to spend authority money or to sell the authority's facilities or assets on approval of a licensed engineer selected as provided by the trust indenture; and (4) include any other provision to protect and enforce the rights and remedies of the bond or note holders as may be reasonable and proper. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.06, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.8104.307
What does The Texas Constitution § SD.8104.307 cover?
Section SD.8104.307 ("TRUST INDENTURE") 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 § SD.8104.307?
A common citation format is "The Texas Constitution § SD.8104.307" (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 § SD.8104.307 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.