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54 chapters · 1,257 sections in this title.
Tenn. Code Ann. § 7-37-109 Bonds not general obligation
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No holder or holders of any bonds issued under this chapter shall ever have the right to compel any exercise of taxing power of the municipality to pay the bonds or the interest on the bonds and the bonds shall not constitute an indebtedness of the municipality or a loan of credi…
Tenn. Code Ann. § 7-37-110 Election — Questions submitted — Declaration of result
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Prior to the delivery of and payment for any bonds authorized under this chapter, a three-fourths (¾) majority of the registered voters of such municipality voting at an election on the question of issuing such bonds shall approve of such bond issue; provided, that no such electi…
Tenn. Code Ann. § 7-37-111 Sale of bonds
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Bonds may be sold in such manner and upon such terms as may be deemed advisable by the governing body; provided, that bonds for refunding purposes shall not be sold at less than ninety-seven percent (97%) of par value and accrued interest.
Tenn. Code Ann. § 7-37-112 Interim financing — Certificates
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Pending the preparation of the definitive bonds, interim receipts or certificates in such form and with such provisions as the governing body may determine, may be issued to the purchaser or purchasers of bonds sold pursuant to this chapter. The bonds and interim receipts or cert…
