7-83-303 - Specific powers granted. - Tennessee Statutes

7-83-303. Specific powers granted.

Any district created pursuant to this chapter has the power to:

     (1)  Sue and be sued;

     (2)  Have a seal;

     (3)  Acquire by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode of acquisition, hold and dispose of real and personal property of every kind within or without the district, subject to mortgages or any other liens;

     (4)  Make and enter into contracts, conveyances, mortgages, deeds of trust, bonds or leases;

     (5)  Incur debts, borrow money, issue negotiable bonds and provide for the rights of holders of the bonds;

     (6)  Fix, maintain and collect rates and charges for any service;

     (7)  Pledge all or any part of its revenues;

     (8)  Make such covenants in connection with the issuance of bonds, or secure the payment of bonds, that a private business or corporation can make under the general laws of the state, notwithstanding that such covenants may operate as limitations on the exercise of any power granted by this chapter; and

     (9)  Use any right-of-way, easement or other similar property right necessary or convenient in connection with the acquisition, improvement, operation or maintenance of a utility, held by the state or any political subdivision of the state; provided, that the governing body of such political subdivision shall consent to such use.

[Acts 1935 (E.S.), ch. 4, § 4; C. Supp. 1950, § 3708.54 (Williams, § 3708.57); T.C.A. (orig. ed.), § 6-2711.]