No county, incorporated city, or town shall subscribe to the capital stock of any railroad company under this chapter unless its railroad runs through the county or within one (1) mile of the incorporated city or town making the subscription; provided, that any county within which the railroad or any of its branches terminates may subscribe under 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