Tennessee § 54-12-404 Bonds to be paid only by assessments levied on the lands within the district

Tennessee Statutes

§ 54-12-404 — Bonds to be paid only by assessments levied on the lands within the district

Tennessee § 54-12-404

Title54

This text of Tennessee § 54-12-404 (Bonds to be paid only by assessments levied on the lands within the district) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 54-12-404 (2026).

Text

Each bond shall show expressly on its face that it is to be paid only by assessments levied and collected on the lands within the district so designated and numbered, and for the benefit of which district the bond is issued. No assessment shall be levied or collected for the payment of the bond or bonds, or the interest on the bonds, on any property, real or personal, outside the district so numbered, designated, and benefited.

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Each bond shall show expressly on its face that it is to be paid only by assessments levied and collected on the lands within the district so designated and numbered, and for the benefit of which district the bond is issued. No assessment shall be levied or collected for the payment of the bond or bonds, or the interest on the bonds, on any property, real or personal, outside the district so numbered, designated, and benefited.