Sec. 452.353. BOND TERMS. (a) An authority's bonds are fully negotiable. An authority may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the authority's resolution authorizing the bonds.
(b) A revenue bond indenture may limit a power of the authority provided by Section 452.052, 452.054, 452.055(a), (b), or (c), 452.056(a) or (b), 452.057, 452.058, 452.059, 452.060, 452.061(a), (b), (d), or 452.062, as long as the bonds issued under the indenture are outstanding.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 452 - Regional Transportation Authorities
Section 452.352. Power to Issue Bonds
Section 452.355. Approval; Registration
Section 452.356. Incontestability
Section 452.357. Security Pledged
Section 452.358. Use of Revenue
Section 452.359. Refunding Bonds
Section 452.360. Bonds as Authorized Investments
Section 452.361. Exchange of Bonds for Existing System
Section 452.362. Election to Pledge Taxes
Section 452.363. Alternate Election Procedures for Certain Authorities