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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A corporation may issue bonds and notes to carry out its purpose.
(b) The bonds and notes may be issued under any power or authority available to the corporation, including Chapter 1201, Government Code.
(c) A bond or note must state on its face that it is not an obligation of the State of Texas.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 431.070. Bonds and Notes - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-431-070/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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