Texas § TN.367.061 - MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS
Full text of Texas The Texas Constitution § TN.367.061 — MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS, with citation guidance and answers to common questions.
§ TN.367.061. MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS
MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS. To accomplish any purpose of this subchapter, the governing body of a municipality may with respect to bonds issued under this subchapter: (1) mortgage or pledge all or part of: (A) any interest in a toll bridge of the municipality, together with any associated right or property described by Section 367.052 , or any other property acquired or to be acquired with the bonds or the proceeds of the sale of the bonds; or (B) the net or gross revenue of any property described by Paragraph (A); (2) secure the payment of the principal of and interest on the bonds and of the sinking fund and reserve fund agreed to be established in connection with the bonds; and (3) enter into any covenant or agreement with the purchasers of the bonds or any person on behalf of those purchasers with respect to the bonds to: (A) secure the payments described by Subdivision (2); and (B) provide rights and remedies to the purchasers or holders of the bonds or any person on their behalf. Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.367.061
What does The Texas Constitution § TN.367.061 cover?
Section TN.367.061 ("MORTGAGE OR PLEDGE OF REVENUE TO SECURE BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.367.061?
A common citation format is "The Texas Constitution § TN.367.061" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.367.061 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.