Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds.
Structure 2021 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 20 - Housing Authorities Law
Part 6 - Bonds and Finances of Housing Authorities
§ 13-20-603. Trust Indentures and Mortgages — Power of Authority to Issue or Incur Obligation
§ 13-20-604. Power to Mortgage When Project Financed With Aid of Government
§ 13-20-605. Remedies of an Obligee of Authority
§ 13-20-606. Remedies Conferrable Upon Authority by Mortgage or Trust Indenture
§ 13-20-607. Remedies and Rights Cumulative
§ 13-20-609. Subordination of Mortgage to Agreement With Government
§ 13-20-610. Contracts With Federal Government
§ 13-20-611. Agreement to Sell as Security for Obligations to Federal Government
§ 13-20-613. Investment by Municipality in Bonds of Authority