Texas § 364.050 TRUST INDENTURE.

Texas Statutes

§ 364.050 — TRUST INDENTURE.

Texas § 364.050

Code TNTransportation Code

This text of Texas § 364.050 (TRUST INDENTURE.) 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. § 364.050 (2026).

Text

Sec. 364.050. TRUST INDENTURE.

(a)Bonds issued under this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or a bank that has the powers of a trust company.

(b)The trust indenture may:

(1)pledge or assign the tolls, charges, and revenues from the operation of the toll bridge or bridges; or

(2)mortgage all or part of the toll bridge or bridges.

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Sec. 364.050. TRUST INDENTURE. (a) Bonds issued under this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or a bank that has the powers of a trust company.
(b) The trust indenture may:
(1) pledge or assign the tolls, charges, and revenues from the operation of the toll bridge or bridges; or
(2) mortgage all or part of the toll bridge or bridges.