Tex. Transp. Code Section 367.063
Sale or Exchange of Bonds

A bond issued under this subchapter may be:

(1)

sold for cash at a public or private sale;

(2)

issued in exchange for property of any kind or an interest in property of any kind, as the governing body of the municipality determines is necessary and proper to accomplish a purpose of this subchapter; or

(3)

issued in exchange for a matured or unmatured bond of the same issue and in the same principal amount.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.

Source: Section 367.063 — Sale or Exchange of Bonds, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­367.­htm#367.­063 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 367.063’s source at texas​.gov