Sec. 367.063.  SALE OR EXCHANGE OF BONDS.  A bond issued under this subchapter may be:
(1)  sold for cash at a public or private sale;
(2)  issued in exchange for property of any kind or an interest in property of any kind, as the governing body of the municipality determines is necessary and proper to accomplish a purpose of this subchapter;  or
(3)  issued in exchange for a matured or unmatured bond of the same issue and in the same principal amount.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.