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§ 364.050 — Texas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Texas/
  4. Transportation Code - Title 1 - General Provisions/
  5. Title 6 - Roadways/
  6. Subtitle G - Turnpikes and Toll Projects/
  7. Chapter 364 - Toll Bridges in Counties Bordering the Rio Grandesub/
  8. Subchapter C - Bonds and Finances/
  9. § 364.050
Texas Legal Code

§ 364.050

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(a) Bonds issued under this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or a bank that has the powers of a trust company.(b) The trust indenture may:(1) pledge or assign the tolls, charges, and revenues from the operation of the toll bridge or bridges; or(2) mortgage all or part of the toll bridge or bridges. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.