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Texas Statutes (Last Updated: January 4, 2014) |
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TRANSPORTATION CODE |
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Title 6. ROADWAYS |
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Subtitle G. TURNPIKES AND TOLL PROJECTS |
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Chapter 364. TOLL BRIDGES IN COUNTIES BORDERING THE RIO GRANDE |
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Subchapter C. BONDS AND FINANCES |
Sec. 364.043. AUTHORITY TO ISSUE BONDS
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(a) A county, through the commissioners court, may issue, sell, and deliver negotiable bonds to accomplish the purposes of this chapter. The county may use the bonds or the proceeds of the sale of the bonds to acquire a toll bridge under this chapter or may exchange the bonds for property to accomplish the purposes of this chapter.
(b) Bonds issued under this chapter may be authorized by resolution or order from time to time.
(c) Except as required by Section 364.045, a county by resolution or order of its commissioners court may issue bonds under this chapter and use the bonds or proceeds from their sale as provided by this chapter without:
(1) holding an election to authorize that action;
(2) giving or publishing notice of the county's intent to take that action; or
(3) advertising or calling for competitive bids in connection with that action.