(a) Bonds issued under this chapter must be in the form and denomination and bear the rate of interest prescribed by the commissioners court.
(b) The bonds may be:
(1) sold at a public or private sale at a price and on the terms determined by the commissioners court; or
(2) exchanged for property or an interest in property determined by the commissioners court to be necessary or convenient to the purposes authorized by this chapter.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.