Tex. Transp. Code Section 367.065
Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge

(a)

A municipality that has acquired a toll bridge under this subchapter may issue and deliver revenue bonds or revenue time warrants:

(1)

to repair, improve, alter, reconstruct, or replace the bridge;

(2)

to build an additional bridge; or

(3)

for one or more of those purposes.

(b)

The municipality shall issue the bonds or warrants:

(1)

in the manner prescribed by this subchapter; and

(2)

subject to any restriction in an ordinance authorizing or a deed of indenture securing the original or a subsequent issue of toll bridge bonds or warrants.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.

Source: Section 367.065 — Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­367.­htm#367.­065 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 367.065’s source at texas​.gov