Sec. 365.039. COUNTY BONDS AND CERTIFICATES OF OBLIGATION

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A county may authorize, issue, and sell its bonds or certificates of obligation and use the proceeds to:
(1) call, redeem, and retire a district's outstanding bonds;
(2) remove the pledge of the revenue from a district's toll road project or other road, street, or highway project and the district's convenants in connection with the bonds and toll road project; and
(3) make the toll road project available for use of the public free from tolls and charges.

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

                    
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