No contract liability shall be incurred without previous authority of law or ordinance, but the board of commissioners may, by ordinance, empower the proper officials to pay out money or incur contract liability for the city for the necessary preservation of the city's credit, or in other extreme emergency, under such restrictions as may be provided in the ordinance; provided, that any such liability shall mature not later than one (1) year from the date of its incurrence.
Structure 2021 Tennessee Code
Chapter 22 - Fiscal Affairs Under City Manager-Commission Charter
§ 6-22-101. Duties of Finance Director
§ 6-22-102. Taxes and Assessments Under Department of Finance
§ 6-22-103. Property and Privileges Taxable
§ 6-22-105. Certification of Assessments
§ 6-22-108. Effective Date of Levy
§ 6-22-109. Extension of Levy on Tax Books
§ 6-22-114. Sale of Real Property for Delinquency
§ 6-22-115. Complaints in Chancery to Collect Special Assessments
§ 6-22-122. Budget Estimate Submitted to Commissioners
§ 6-22-125. Reversion of Appropriations to General Fund
§ 6-22-128. Certification of Availability of Funds to Meet Contract Obligations