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Tex. Transp. Code § 364.050

TRUST INDENTURE

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

(a) Bonds issued under this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or a bank that has the powers of a trust company.

(b) The trust indenture may:

(1) pledge or assign the tolls, charges, and revenues from the operation of the toll bridge or bridges; or

(2) mortgage all or part of the toll bridge or bridges.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.