Texas Government Code 1333.003 – Election Results; Destruction of Bonds
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(a) The governing body of the municipality shall record the results of an election held under this chapter in its minutes.
(b) If a majority of the qualified voters voting at the election vote in favor of the proposition, the governing body of the municipality shall revoke and burn the unsold bonds.
Terms Used In Texas Government Code 1333.003
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
(c) The municipality shall send to the comptroller a certified copy of the minutes of the municipality showing the revocation and destruction of the bonds.
(d) On receipt of notice under Subsection (c), the comptroller shall cancel the registration of the bonds in the records of the comptroller.