Texas § 367.063 SALE OR EXCHANGE OF BONDS.

Texas Statutes

§ 367.063 — SALE OR EXCHANGE OF BONDS.

Texas § 367.063

Code TNTransportation Code

This text of Texas § 367.063 (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. § 367.063 (2026).

Text

Sec. 367.063. SALE OR EXCHANGE OF BONDS. A bond issued under this subchapter may be:

(1)sold for cash at a public or private sale;

(2)issued in exchange for property of any kind or an interest in property of any kind, as the governing body of the municipality determines is necessary and proper to accomplish a purpose of this subchapter; or

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

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Sec. 367.063. SALE OR EXCHANGE OF BONDS. A bond issued under this subchapter may be:
(1) sold for cash at a public or private sale;
(2) issued in exchange for property of any kind or an interest in property of any kind, as the governing body of the municipality determines is necessary and proper to accomplish a purpose of this subchapter; or
(3) issued in exchange for a matured or unmatured bond of the same issue and in the same principal amount.