Find Laws Find Lawyers Free Legal Forms USA State Laws

TENNESSEE STATUTES AND CODES

9-11-109 - Sale price Exchange Premiums and discount.

9-11-109. Sale price Exchange Premiums and discount.

The governing body may sell any or all of the bonds authorized under the provisions of this chapter in such manner and for such price as it may determine to be for the best interest of the unit. Any or all of the bonds authorized under the provisions of this chapter may be exchanged for the bonds to be refunded thereby or the evidences of indebtedness to be funded thereby, including bonds not matured or redeemable if the holder thereof be willing to surrender the same for retirement. Additional bonds may be authorized and sold under the provisions of § 9-11-103(3), in an amount sufficient to pay:

     (1)  Any redemption premium on bonds refunded; and

     (2)  If such funding or refunding bonds shall be sold or delivered in exchange at a discount, the amount of such discount.

[Acts 1937, ch. 300, § 9; C. Supp. 1950, § 3516.19; Acts 1969, ch. 283, § 4; T.C.A. (orig. ed.), § 9-1109.]  

Tennessee Forms by Issue

Tennessee Divorce Forms
Tennessee Tax Forms

Tennessee Law

Tennessee State Laws
    > Tennessee Child Support
    > Tennessee Gun Laws
    > Tennessee Statutes
Tennessee Tax
    > Tennessee State Tax
Tennessee Labor Laws
    > Tennessee Unemployment

Tennessee Court Map

Tips