Texas Government Code 1205.024 – Pleading Contents
Terms Used In Texas Government Code 1205.024
- Allegation: something that someone says happened.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
The petition in an action under this chapter must briefly set out, by allegation, reference, or exhibit:
(1) the issuer’s authority to issue the public securities;
(2) the purpose of the public securities;
(3) the holding and result of any required election;
(4) a copy of or a pertinent excerpt from each public security authorization, including any essential action or expenditure of money;
(5) the amount or proposed maximum amount of the public securities;
(6) the interest rate or rates or the proposed maximum interest rate of the public securities;
(7) in a suit relating to the validity or organization of an issuer, the authority for and the proceedings relating to the creation of the issuer or a boundary change; and
(8) any other pertinent matter.