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.
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