Sec. 314.048.  CERTIFICATES.  The municipality may:
(1)  issue assignable certificates payable to the municipality or the purchaser of the certificates stating the liability of the property and the owner of the property for the payment of assessments;  and
(2)  set the terms of the certificates, including the time of payment, conditions of default, and date of maturity.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.