Tex. Transp. Code § 364.050

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 364.050 - Trust Indenture

(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.

Tex. Transp. Code § 364.050

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.