Texas § 364.049 SALE OR EXCHANGE OF BONDS.

Texas Statutes

§ 364.049 — SALE OR EXCHANGE OF BONDS.

Texas § 364.049

Code TNTransportation Code

This text of Texas § 364.049 (SALE OR EXCHANGE OF BONDS.) 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. § 364.049 (2026).

Text

Sec. 364.049. SALE OR EXCHANGE OF BONDS. A bond issued under this chapter may be:

(1)sold for cash at a public or private sale at a price determined by the commissioners court;

(2)issued on terms determined by the commissioners court in exchange for property of any kind or an interest in property of any kind, as the commissioners court determines is necessary and proper to accomplish a purpose of this chapter; or

(3)issued in exchange for a bond of the same issue, matured or unmatured, in the same principal amount.

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Sec. 364.049. SALE OR EXCHANGE OF BONDS. A bond issued under this chapter may be:
(1) sold for cash at a public or private sale at a price determined by the commissioners court;
(2) issued on terms determined by the commissioners court in exchange for property of any kind or an interest in property of any kind, as the commissioners court determines is necessary and proper to accomplish a purpose of this chapter; or
(3) issued in exchange for a bond of the same issue, matured or unmatured, in the same principal amount.