80th Texas Legislature, Regular Session, Senate Bill 2014, Chapter 1157 Page: 7 of 35
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S.B. No. 2014
1 construction, maintenance, or operation of a project under Section
2 8257.101, 8257.102, or 8257.106.
3 Sec. 8257.202. BONDS FOR ROAD PROJECTS. (a) The district
4 may not issue bonds or other obligations to finance projects
5 authorized by Section 8257.102 unless the issuance is approved by a
6 vote of a two-thirds majority of the district voters voting at an
7 election called for that purpose.
8 (b) Bonds or other obligations issued or incurred to finance
9 projects authorized by Section 8257.102 may not exceed one-fourth
10 of the assessed value of the real property in the district.
11 Sec. 8257.203. BONDS FOR RECREATIONAL FACILITIES. If
12 authorized at an election under Section 49.4645, Water Code, the
13 district may issue bonds payable from ad valorem taxes to pay for
14 the development and maintenance of recreational facilities in
15 accordance with Subchapter N, Chapter 49, Water Code.
16 SECTION 2. The Magnolia Woods Municipal Utility District
17 No. 1 of Montgomery, Waller, and Grimes Counties includes all the
18 territory contained in the following area:
19 TRACT ONE:
20 Description of a 4,286.698 acre tract of land, Save and Except a
21 0.057 acre tract described in Warranty Deed to Lufkin-Conroe
22 Telephone Exchange recorded under Montgomery County Clerk's File
23 Number 9556511, out of the called 4,300.288 acre tract described in
24 Special Warranty Deed from BST Timberlands of Texas to Woodard
25 Ranch West, LP, recorded under Montgomery County Clerk's File
26 Number 2005-064857 and also out of the tracts described in Special
27 Warranty Deed to Magnolia Timber Partners, LP recorded under Volume7
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Texas. Legislature. Senate. 80th Texas Legislature, Regular Session, Senate Bill 2014, Chapter 1157, legislative document, June 15, 2007; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth155830/m1/7/?q=%22~1~1~1%22~1&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.