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SB 474, 52nd Regular Session
Relating to providing that in the issuance of revenue bonds for improving, enlarging and extending a waterworks system, cities may issue such bonds in two series, one of which shall be payable from and secured by a pledge of all or part of the proceeds of a water supply contract and the other to be secured by and payable from the net revenues of the waterworks system or the waterworks and sewer systems other than the proceeds of such contract.

Author: Pat M. Bullock

Session Law Chapter:
Acts 1951, 52nd R.S.,ch. 428, General and Special Laws of Texas

Subjects:
BONDS
City Government--Finance
City Government--Utilities

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