Sec. 1477.108.  CONTENTS OF ORDER AUTHORIZING BONDS.  An order authorizing the issuance of bonds under this subchapter may contain:
(1)  reasonable and proper provisions for protecting and enforcing the rights or remedies of the bondholders, including covenants that state the duties of the county relating to:
(A)  the acquisition of property for the natural gas system;
(B)  the construction, maintenance, operation, repair, and insurance of the system;  and
(C)  the custody, protection, and application of all money related to the system;
(2)  a statement of the rights and remedies of the bondholders;  and
(3)  other provisions that the commissioners court considers reasonable and proper for the security of the bondholders, including covenants prescribing:
(A)  each event that constitutes a default;  and
(B)  the rights, liabilities, powers, and duties that arise on the breach by the county of a duty or obligation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.