Texas § 364.048 TERMS OF BONDS; NEGOTIABILITY.

Texas Statutes

§ 364.048 — TERMS OF BONDS; NEGOTIABILITY.

Texas § 364.048

Code TNTransportation Code

This text of Texas § 364.048 (TERMS OF BONDS; NEGOTIABILITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 364.048 (2026).

Text

Sec. 364.048. TERMS OF BONDS; NEGOTIABILITY.

(a)The commissioners court may prescribe the terms and conditions of bonds issued under this chapter and determine the manner of their sale. The commissioners court by order or resolution shall determine:

(1)the aggregate principal amount or amounts of the bonds;

(2)the denominations of the bonds;

(3)the date or dates of maturity;

(4)the rate or rates of interest;

(5)whether the bonds are payable annually or semiannually, and on what dates;

(6)the form of the bonds;

(7)the terms, provisions, and conditions of the bonds;

(8)whether the bonds are coupon or registered bonds, and any registration privileges;

(9)provisions for the call or redemption of the bonds before maturity; and

(10)the place or places, in or outside of this state, at

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 364.048. TERMS OF BONDS; NEGOTIABILITY. (a) The commissioners court may prescribe the terms and conditions of bonds issued under this chapter and determine the manner of their sale. The commissioners court by order or resolution shall determine:
(1) the aggregate principal amount or amounts of the bonds;
(2) the denominations of the bonds;
(3) the date or dates of maturity;
(4) the rate or rates of interest;
(5) whether the bonds are payable annually or semiannually, and on what dates;
(6) the form of the bonds;
(7) the terms, provisions, and conditions of the bonds;
(8) whether the bonds are coupon or registered bonds, and any registration privileges;
(9) provisions for the call or redemption of the bonds before maturity; and
(10) the place or places, in or outside of this state, at which the bonds are payable.
(b) Bonds issued under this chapter have all the qualifications and incidents of negotiable instruments as provided by the law of this state.