Tex. Transportation Code § 453.303
This is the official text of Tex. Transportation Code § 453.303, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 453.303. BOND TERMS.
Official statutory text
(a) A transit department's bonds are fully negotiable.
(b) The transit department may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the resolution authorizing the bonds.
(c) A revenue bond indenture may limit a power of the transit department provided by Sections 453.101-453.108 or 453.109(b) as long as the bond containing the indenture is outstanding and unpaid.
(b) The transit department may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the resolution authorizing the bonds.
(c) A revenue bond indenture may limit a power of the transit department provided by Sections 453.101-453.108 or 453.109(b) as long as the bond containing the indenture is outstanding and unpaid.
Status: in_force · Read it on the official government site
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