(a) The district may issue revenue bonds to provide for any district purposes. The bonds must be authorized by a board resolution adopted by a majority vote of a quorum of the board.
(b) Revenue bonds must be payable from and secured by a pledge of all or part of the revenue derived from:
(1) the operation of the district's hospitals; and
(2) any other revenue resulting from the ownership of the hospital properties.
(c) Revenue bonds may be additionally secured by a mortgage or deed of trust lien on real property of the district or by a chattel mortgage on the district's personal property, or by both.
(d) The board may issue:
(1) bonds that are a junior lien on the district's net revenue or property, unless prohibited by the bond resolution or trust indenture; and
(2) parity bonds under conditions specified in the bond resolution or trust indenture.
(e) A bond issued under this subchapter must contain the provision: "The holder hereof shall never have the right to demand payment thereof out of money raised or to be raised by taxation."