Sec. 271.042. PURPOSE; CONFLICT. (a) It is the purpose of this subchapter to provide: (1) a procedure for certain financing that is an alternative to the more cumbersome procedure under Chapter 252 or 262 ; and (2) a new class of securities to be issued and delivered within the financial capabilities of an issuer on compliance with the procedures prescribed by this subchapter. (b) If there is a conflict between a provision of this subchapter and a provision of Chapter 252 or 262 , an issuer may use either provision, and it is not necessary for the governing body to designate the law under which action is being taken.
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