Tex. Transportation Code § 367.063
This is the official text of Tex. Transportation Code § 367.063, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 367.063. SALE OR EXCHANGE OF BONDS.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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