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SB 117, 54th Regular Session
Relating to authorizing certain Home Rule Cities owning a portion of an international bridge over the Rio Grande River to issue revenue bonds payable from net revenues of such bridge for the purpose of providing funds to construct capital improvements to such bridge; to pledge the net revenues and secure by trust indenture or supplement any existing trust indenture; authorizing parity revenue bonds for such purposes and the execution of a trust indenture or supplement further securing the bonds; validating any bonds authorized and proceedings passed or executed in connection therewith on or prior to effective date of this Act; providing a severability clause; providing that no such bonds or proceedings shall be validated if litigation is pending questioning any such bonds or proceedings on the effective date of this Act.
Author: Abraham "Chick" Kazen, Jr.
Session Law Chapter:
Acts 1955, 54th R.S.,ch. 8, General and Special Laws of Texas
GULF OF MEXICO
TOLL ROADS & TOLL BRIDGES
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