Texas § WA.55.502 - FORMAL REQUIREMENTS OF BONDS
Full text of Texas The Texas Constitution § WA.55.502 — FORMAL REQUIREMENTS OF BONDS, with citation guidance and answers to common questions.
§ WA.55.502. FORMAL REQUIREMENTS OF BONDS
FORMAL REQUIREMENTS OF BONDS. (a) The board shall issue bonds in the name of the district, and the president shall sign the bonds, the secretary shall attest to them, and the district's seal shall be impressed on them. (b) The bonds shall be issued in denominations of not less than $100 nor more than $1,000 each. (c) The bonds shall be payable annually or semiannually and shall mature not more than 40 years after they are issued. (d) The bonds may be issued to mature in serial form at any date which does not come later than the date specified in the notice of election and may bear any rate of interest which is not more than the rate of interest specified in the notice. (e) The terms of the bonds shall include the time, place, manner, and conditions of payment and the interest rate which are ordered by the board. Acts 1971, 62nd Leg., p. 466, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.55.502
What does The Texas Constitution § WA.55.502 cover?
Section WA.55.502 ("FORMAL REQUIREMENTS OF BONDS") 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.55.502?
A common citation format is "The Texas Constitution § WA.55.502" (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.55.502 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.