Section 8270.253 - Trust Indenture A trust indenture created under Section 8270.252, regardless of the existence of a deed of trust or mortgage lien on the property, may:
(1) provide for the security of the bonds and the preservation of the trust estate in the manner prescribed by the board;(2) provide for amendment or modification of the trust indenture;(3) provide for the issuance of bonds to replace lost or mutilated bonds;(4) condition the right to spend district money or sell district property on the approval of a licensed engineer selected as provided by the trust indenture; and(5) provide for the investment of district money. Tex. Spec. Dist. Loc. Laws § 8270.253
Redesignated from Special District Local Laws Code, Chapter 9013 and amended by Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 21.101, eff. 9/1/2009.