Upon the entry by the county legislative body of an order providing for the issuance of refunding bonds of any such district, any landowner in the district shall have the right at any time within two (2) weeks from and after the entry of such order, within which to pay the full amount of the principal tax or assessment chargeable to that landowner's land or any tract of the landowner's land, for the payment of the bonds proposed to be refunded, and any tract on which such tax or assessment shall be so paid shall thereupon be released from any tax or assessment for the payment of the refunding bonds so authorized to be issued, but shall remain subject to such other or additional taxes, if any, as may be levied pursuant to law.
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