Tennessee Statutes
§ 7-37-109 — Bonds not general obligation
Tennessee § 7-37-109
JurisdictionTennessee
Title7
This text of Tennessee § 7-37-109 (Bonds not general obligation) 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. § 7-37-109 (2026).
Text
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 credit of the bond within the meaning of any constitutional or statutory provision. It shall be plainly stated on the face of each bond that it has been issued under this chapter, and that it does not constitute an indebtedness of the municipality or a loan of credit of the bond within the meaning of any constitutional or statutory provision.
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Legislative History
Acts 1951, ch. 137, § 10 (Williams, § 4406.53j); T.C.A. (orig. ed.), § 6-1709.
Nearby Sections
15
§ 7-1-101
Definitions - Chapters 1-6§ 7-1-103
Consolidation of functions§ 7-1-105
Civil districts§ 7-2-102
Election of membersCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 7-37-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/7-37-109.