Whenever bonds of such districts are issued and sold under this chapter, or long-time warrants, as provided for by § 69-5-909, are issued and sold, then the county trustee, before receiving such money, shall give bond, to be approved as the trustee's other bonds are approved in double the amount of the money to go into the trustee's hands from the sale of such bonds, or warrants, payable to the state, and conditioned that the trustee faithfully account for all such money; and if the trustee fails to execute such bond, it shall be a misdemeanor in office, for which the trustee may be removed from office; and such bond shall be recorded in the drainage record book, and the original filed with and preserved by the county clerk.
Structure 2021 Tennessee Code
Title 69 - Waters, Waterways, Drains and Levees
Chapter 5 - Drainage and Levee Districts
Part 9 - Bond Issues and Warrants
§ 69-5-901. County May Issue and Sell Drainage Bonds
§ 69-5-902. Payment of Assessments Before Issuance of Bonds
§ 69-5-903. Terms of Bonds — Signing — District to Be Indicated
§ 69-5-904. Bonds a Charge on Land in District Only
§ 69-5-905. Denominations of Bonds
§ 69-5-906. Multi-County Districts — Issuance and Payment of Bonds
§ 69-5-907. Payment in Installments — Bond to Secure Installments
§ 69-5-908. Bond of County Trustee
§ 69-5-909. Warrants Issued Instead of Bonds
§ 69-5-910. Surplus Funds From Sale of Bonds or Warrants
§ 69-5-911. Prepayment of Deferred Installments
§ 69-5-912. Payment of Assessments With Bonds or Coupons
§ 69-5-914. Multi-County Districts — Payment by Bond or Coupon
§ 69-5-915. Single County Districts — Monthly Settlements by Trustees
§ 69-5-916. Multi-County Districts — Monthly Settlements by Trustees
§ 69-5-917. Disposition of Receipts — Maintenance or Administration Certificates
§ 69-5-918. Lien of Maintenance or Administration Certificates
§ 69-5-919. Proceeds From Sale of Maintenance or Administration Certificates
§ 69-5-920. Refunding Bonds Authorized — Terms
§ 69-5-921. Petition for Issuance of Refunding Bonds
§ 69-5-922. Refunding Bonds — Notice of Hearing
§ 69-5-923. Refunding Bonds — Petition and Notice in Multi-County Districts
§ 69-5-924. Hearing — Remonstrance
§ 69-5-925. Refunding Bonds — Release of Landowner From Assessment
§ 69-5-926. Refunding Bonds — Extended Assessments
§ 69-5-927. Refunding Bonds — Powers Conferred on Board of Directors
§ 69-5-928. Borrowing Money to Pay Bonds and Interest
§ 69-5-929. Appointment of Receiver for Defaulting Drainage District
§ 69-5-930. Powers of Receiver — Removal and Appointment of Another