Sec. 9061.203.  TRUST INDENTURE.  A trust indenture created under Section 9061.202, regardless of the existence of a deed of trust or mortgage lien on the property, may:
(1)  contain provisions prescribed by the board for the security of the bonds and the preservation of the trust estate;
(2)  provide for amendment or modification of the trust indenture;
(3)  provide for the issuance of bonds to replace lost or mutilated bonds;
(4)  condition the right to spend district money or sell district property on the approval of a licensed engineer selected as provided by the trust indenture; and
(5)  provide for the investment of district money.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.