Texas Special District Local Laws Code 1057.205 – Execution of General Obligation Bonds
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(a) The board’s presiding officer shall execute the general obligation bonds in the district’s name.
(b) The board secretary shall countersign the bonds.
Terms Used In Texas Special District Local Laws Code 1057.205
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.