9-9-118 - Impairment of contract. - Tennessee Statutes

9-9-118. Impairment of contract.

Nothing in this chapter shall be construed so as to impair the obligation of any contract made by the state of Tennessee upon any bond of the state. All pledges and movements herein contained are made subject to any contractual rights possessed by the holders of any bonds, or other obligations of the state of Tennessee.

[Acts 1937, ch. 165, § 16 (Williams, § 1811.27); 1977, ch. 3, § 8; T.C.A. (orig. ed.), § 9-920.]