69-5-930 - Powers of receiver Removal and appointment of another. - Tennessee Statutes

69-5-930. Powers of receiver Removal and appointment of another.

Any receiver appointed pursuant to § 69-5-629 shall have the power to institute suits for the collection of delinquent assessments in the same manner as the district itself would have had and with the same effect and to do all things necessary to collect delinquent assessments or other debts due the district. Such receiver shall first pay all costs out of the assessments as soon as collected, and shall then prorate the remainder to the payment of bonds and coupons then due. The receiver shall be under the jurisdiction and control of the court appointing the receiver, and shall have power to proceed in any court of competent jurisdiction where it is necessary to enforce any lien against any land within the district. The court shall have the power to discharge the receiver at any time and appoint another receiver, and when all bonds and interest coupons overdue have been paid, the receiver shall be discharged. The receiver shall have further authority to give a deed and pass good title to any lands in the district that may be advertised for sale and sold for delinquent taxes, subject only to the rights of the owner of the lands to redeem the land within two (2) years from the date of the sale, on payment of the amount paid by the purchaser for the land, with legal interest on the amount paid, to the date of redemption. Any person owning an undivided interest or any specific portion thereof or any part of any tract or tracts of land that is assessed for drainage sums assessed to another shall receive receipt in full for that person's taxes on paying such portion of the taxes as the claims of the property or such proportion of the taxes as that person's quantity of the property bears to the whole quantity taxed.

[Acts 1909, ch. 185, § 34b, as added by Acts 1923, ch. 73, § 3; Shan. Supp., § 3871a135b3; mod. Code 1932, § 4370; T.C.A. (orig. ed.), § 70-1431; T.C.A. § 69-6-930.]