Bonds may be sold in such manner and upon such terms as may be deemed advisable by the governing body; provided, that bonds for refunding purposes shall not be sold at less than ninety-seven percent (97%) of par value and accrued interest.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 37 - Industrial Building Revenue Bond Act of 1951
§ 7-37-102. Chapter Definitions
§ 7-37-103. Purpose of Chapter
§ 7-37-104. Powers of Municipalities
§ 7-37-106. Improvements and Bonds Authorized
§ 7-37-109. Bonds Not General Obligation
§ 7-37-110. Election — Questions Submitted — Declaration of Result
§ 7-37-112. Interim Financing — Certificates
§ 7-37-114. Tax Exemption of Bonds