Tex. Transportation Code § 367.060
This is the official text of Tex. Transportation Code § 367.060, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 367.060. BONDS AND WARRANTS NOT PAYABLE FROM TAXES.
Official statutory text
(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."
(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."
Status: in_force · Read it on the official government site
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