1. (a) A municipality that has acquired a toll bridge under this subchapter may issue and deliver revenue bonds or revenue time warrants:

   1. (1) to repair, improve, alter, reconstruct, or replace the bridge;
   2. (2) to build an additional bridge; or
   3. (3) for one or more of those purposes.

2. (b) The municipality shall issue the bonds or warrants:

   1. (1) in the manner prescribed by this subchapter; and
   2. (2) subject to any restriction in an ordinance authorizing or a deed of indenture securing the original or a subsequent issue of toll bridge bonds or warrants.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.