Tennessee § 69-5-909 Warrants issued instead of bonds

Tennessee Statutes

§ 69-5-909 — Warrants issued instead of bonds

Tennessee § 69-5-909

Title69

This text of Tennessee § 69-5-909 (Warrants issued instead of bonds) 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. § 69-5-909 (2026).

Text

If the board of directors of any improvement district deems best, instead of issuing bonds, it may direct that warrants shall be issued or drawn on such district, or on the county trustee, by the county mayor, to be paid out of the funds of such district only, and at such times as the assessments may be due, or as may be deemed best, the time of the maturity of assessments as fixed being considered, such warrants to be issued or drawn for all lawful demands on such district, and to bear interest at not more than six percent (6%) per annum.

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If the board of directors of any improvement district deems best, instead of issuing bonds, it may direct that warrants shall be issued or drawn on such district, or on the county trustee, by the county mayor, to be paid out of the funds of such district only, and at such times as the assessments may be due, or as may be deemed best, the time of the maturity of assessments as fixed being considered, such warrants to be issued or drawn for all lawful demands on such district, and to bear interest at not more than six percent (6%) per annum.

Legislative History

Acts 1909, ch. 185, § 28; Shan., § 3871a115; Code 1932, §4343; impl. am. Acts 1978, ch. 934, §§ 16, 36; T.C.A. (orig. ed.), §70-1409; Acts 2003 , ch. 90, § 2; T.C.A. § 69-6-909.