Tennessee § 69-5-914 Multi-county districts - Payment by bond or coupon

Tennessee Statutes

§ 69-5-914 — Multi-county districts - Payment by bond or coupon

Tennessee § 69-5-914

Title69

This text of Tennessee § 69-5-914 (Multi-county districts - Payment by bond or coupon) 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. § 69-5-914 (2026).

Text

Where a drainage district is situated in more than one (1) county, it is the duty of the trustee of any county in which such district lies to accept coupons or bonds, or both, issued by such district in settlement of assessments levied against lands embraced in that portion of the district located in the trustee's county. It is lawful for any coupons or bonds, or both, so accepted in payment of assessments to be used by the trustee of any county in making a full settlement with the trustee of the county in which the district originated, such accounting in coupons or bonds, or both, to be considered and handled in all respects as a cash transaction.

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Where a drainage district is situated in more than one (1) county, it is the duty of the trustee of any county in which such district lies to accept coupons or bonds, or both, issued by such district in settlement of assessments levied against lands embraced in that portion of the district located in the trustee's county. It is lawful for any coupons or bonds, or both, so accepted in payment of assessments to be used by the trustee of any county in making a full settlement with the trustee of the county in which the district originated, such accounting in coupons or bonds, or both, to be considered and handled in all respects as a cash transaction.