Sec. 283.205. TRUST INDENTURE PERMITTED. (a) A bond authorized by this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or bank with the powers of a trust company.
(b) A trust indenture may pledge or assign revenues.
(c) A trust indenture may not convey or mortgage all or part of the project.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle D - Road Laws Relating to Particular Counties
Chapter 283 - Causeways, Bridges, and Tunnels in Certain Counties
Subchapter C. Provisions Relating to Bonds
Section 283.201. Bond Proceeds
Section 283.202. Costs and Expenses
Section 283.203. Source of Repayment
Section 283.204. Depository for Proceeds and Revenues
Section 283.205. Trust Indenture Permitted
Section 283.206. Bond Provisions
Section 283.207. Bond Approval and Registration