Any county, incorporated city, or town may become a stockholder in any railroad company incorporated under the general laws of this state, to an amount not exceeding, in the aggregate, one-tenth (1/10) of its taxable property, by complying with the requirements of this chapter.
Structure 2021 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 7 - Subscription to Railroad Stock by Counties and Municipalities
§ 65-7-101. Power of Locality to Become Stockholder
§ 65-7-102. Right to Subscribe to Stock
§ 65-7-104. Record of Application, Plan, and Amount — Ordering of Election
§ 65-7-105. County Election on Question — Order by Legislative Body
§ 65-7-106. City or Town Election on Question — Order by Governing Body
§ 65-7-107. Notice of Election
§ 65-7-108. Conduct of Election — Certificate of Result — Validity
§ 65-7-109. Election — Style of Ballot
§ 65-7-110. Action on Return of Commission
§ 65-7-112. Subscriptions — Time of Payment
§ 65-7-113. Bond Issue for Payment