§ 8501.251 Power to Borrow Money; Evidence of Obligation
§ 8501.252 Obligation Payable From Revenue
§ 8501.253 No Creation of Debt; No Payment From Taxes
§ 8501.254 Time of Sale
§ 8501.255 Maturity
§ 8501.256 Signatures
§ 8501.257 Lien On Revenue
§ 8501.258 Sinking Fund: in General
§ 8501.259 Sinking Fund: Excess Money
§ 8501.260 Covenants for Marketability
§ 8501.261 Holder of Obligation May Compel Performance
§ 8501.262 Holder of Obligation Entitled to Administrator or Receiver
§ 8501.263 Additional Security for Obligation: Mortgage and Encumbrance
§ 8501.264 Sale Under Mortgage or Encumbrance
§ 8501.265 State Franchise Law Not Applicable
§ 8501.266 Deposit of Proceeds
§ 8501.267 Use of Unspent Proceeds After Project Completion
§ 8501.268 Insuring Improvements and Facilities
§ 8501.269 Refunding Obligation
§ 8501.270 Tax Exemption
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Terms Used In Texas Special District Local Laws Code Chapter 8501 > Subchapter F - Obligations Relating to Borrowed Money

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Signature: includes the mark of a person unable to write, and "subscribe" includes the making of such a mark. See Texas Government Code 312.011
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Statute: A law passed by a legislature.
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005