(a) If the district proposes to issue bonds which will be secured under either § 51.450(b)(2) or 51.450(b)(3) of this code, the proposition shall be presented at an election held under § 51.413 of this code.
(b) The ballots for the election shall be printed to provide for voting for or against one of the following propositions:
(1) “The issuance of bonds and the pledge of net revenue for the payment of the bonds.”;
(2) “The issuance of bonds, the pledge of net revenue, and the creation of a lien on physical property to secure payment of the bonds.”; or
(3) “The issuance of bonds, the pledge of net revenue, and the levy of adequate taxes to pay the bonds.”

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Terms Used In Texas Water Code 51.452

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: means real and personal property. See Texas Government Code 311.005