Texas Transportation Code

§ 364.048 — TERMS OF BONDS; NEGOTIABILITY

TN § 364.048Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 364. TOLL BRIDGES IN COUNTIES BORDERING THE RIO GRANDE · Art. C. BONDS AND FINANCES

Statute text

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(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;

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Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.