Authority To Issue Bonds Or Warrants To Repair, Improve, Or Build Toll Bridge

Sec. 367.065. AUTHORITY TO ISSUE BONDS OR WARRANTS TO REPAIR, IMPROVE, OR BUILD TOLL BRIDGE. (a) A municipality that has acquired a toll bridge under this subchapter may issue and deliver revenue bonds or revenue time warrants: (1) to repair, improve, alter, reconstruct, or replace the bridge; (2) to build an additional bridge; or (3) for one or more of those purposes. (b) The municipality shall issue the bonds or warrants: (1) in the manner prescribed by this subchapter; and (2) subject to any restriction in an ordinance authorizing or a deed of indenture securing the original or a subsequent issue of toll bridge bonds or warrants. Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.