1.   A general obligation bond is repaid through property taxes.

2.   Any government worth the name has a general obligation to protect the legitimate interests and safety of its citizens.

3.   Authorizes general obligation bonds.

4.   Certificates of participation, better known as COPs, have become the most common alternative to general obligation debt used by revenue-strapped states and local governments.

5.   Certificates of participation, known as COPs, have become the most common alternative to general obligation debt.

6.   Certificates of participation are considered more risky than general obligation or revenue bonds because they usually are backed by an annual appropriation rather than a defined revenue source.

7.   General obligation bonds differ from certificates of participation in that they are backed by the taxing power of the issuer, in this case the township.

8.   General obligation municipal bonds are considered second only to United States Treasury securities as the safest form of debt and are typically bought by the most conservative investors.

9.   Given the strong economy, Miller recommended that investors look to general obligation tax-free bonds that are backed by tax revenue.

10.   If the proposition passes, the general obligation bonds would be made available by the Texas Public Finance Authority to counties from El Paso to Brownsville.