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21 chapters · 395 sections in this title.
Tenn. Code Ann. § 5-3-117 Debt reorganization — Bond format and additional terms
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(a) The governing body shall also by resolution determine the form of the bonds, the officers by whom they shall be executed and the place or places in Tennessee or in any other state at which the principal and interest shall be payable. In case any of the officers whose signatur…
Tenn. Code Ann. § 5-3-118 Debt reorganization — Terms of bond sale or exchange
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(a) The governing body may sell any or all of the bonds authorized under §§ 5-3-113 — 5-3-121 in such manner and for such price as it may determine to be for the best interests of the unit, but no such sale shall be made at a price so low as to require the payment of interest on …
Tenn. Code Ann. § 5-3-119 Debt reorganization — Bond retirement — Sinking fund
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(a) All bonds issued under §§ 5-3-113 — 5-3-121 shall be direct and general obligations of the unit issuing the same, for the payment of which the full faith and credit of the unit shall be irrevocably pledged. (b) (1) In each fiscal year while any funding or refunding bonds issu…
Tenn. Code Ann. § 5-3-120 Debt reorganization — Bonds tax exempt
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No bonds issued under the authority of §§ 5-3-113 — 5-3-121 shall be subject to taxation by this state or by any county or municipality thereof, and such bonds shall so state on the face thereof.
