Texas § 367.060 BONDS AND WARRANTS NOT PAYABLE FROM TAXES.

Texas Statutes

§ 367.060 — BONDS AND WARRANTS NOT PAYABLE FROM TAXES.

Texas § 367.060

Code TNTransportation Code

This text of Texas § 367.060 (BONDS AND WARRANTS NOT PAYABLE FROM TAXES.) 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. § 367.060 (2026).

Text

Sec. 367.060. BONDS AND WARRANTS NOT PAYABLE FROM TAXES.

(a)Bonds and warrants issued under this subchapter are not a debt of the municipality that issues them and are a charge only against:

(1)the pledged revenues of the toll bridge; and

(2)the property comprising the toll bridge, if a lien is given on that property.

(b)A bond or warrant issued under this subchapter must include substantially the following provision: "The holder of this obligation is not entitled to demand payment of this obligation out of any money raised by taxation."

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Sec. 367.060. BONDS AND WARRANTS NOT PAYABLE FROM TAXES. (a) Bonds and warrants issued under this subchapter are not a debt of the municipality that issues them and are a charge only against:
(1) the pledged revenues of the toll bridge; and
(2) the property comprising the toll bridge, if a lien is given on that property.
(b) A bond or warrant issued under this subchapter must include substantially the following provision: "The holder of this obligation is not entitled to demand payment of this obligation out of any money raised by taxation."