Sec. 364.049. SALE OR EXCHANGE OF BONDS. A bond issued under this chapter may be:
(1) sold for cash at a public or private sale at a price determined by the commissioners court;
(2) issued on terms determined by the commissioners court in exchange for property of any kind or an interest in property of any kind, as the commissioners court determines is necessary and proper to accomplish a purpose of this chapter; or
(3) issued in exchange for a bond of the same issue, matured or unmatured, in the same principal amount.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Section: Previous 364.024 364.041 364.042 364.043 364.044 364.045 364.046 364.047 364.048 364.049 364.050 364.051 364.052 364.053 364.054 NextLast modified: September 28, 2016