Tennessee § 54-12-403 Payment in full amount of benefit assessed against land before bonds are issued

Tennessee Statutes

§ 54-12-403 — Payment in full amount of benefit assessed against land before bonds are issued

Tennessee § 54-12-403

Title54

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Bluebook

Tenn. Code Ann. § 54-12-403 (2026).

Text

(a)Any property owner may pay the full amount of the benefit assessed against the owner's property before the bonds are issued and receive a receipt in full for the payment.

(b)The payment shall be made to the county trustee, and it shall be the duty of the county clerk to certify to the trustee the amount of the assessment when requested to do so.

(c)The trustee shall enter the payment upon the assessment lists in the trustee's hands in a separate place provided for the payments, and furnish the county clerk with duplicate receipts given for all assessments paid in full, one (1) of which the clerk shall deliver to the county mayor, and the trustee shall also give a receipt to the property owner so paying in full.

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(a) Any property owner may pay the full amount of the benefit assessed against the owner's property before the bonds are issued and receive a receipt in full for the payment. (b) The payment shall be made to the county trustee, and it shall be the duty of the county clerk to certify to the trustee the amount of the assessment when requested to do so. (c) The trustee shall enter the payment upon the assessment lists in the trustee's hands in a separate place provided for the payments, and furnish the county clerk with duplicate receipts given for all assessments paid in full, one (1) of which the clerk shall deliver to the county mayor, and the trustee shall also give a receipt to the property owner so paying in full.

Legislative History

Acts 1919, ch. 193, § 85; Shan. Supp., § 1682a99; Code 1932, § 2913; modified; T.C.A. (orig. ed.), § 54-1603; impl. am. Acts 1978, ch. 934, §§ 16, 36; Acts 2003, ch. 90, § 2.