Tenn. Code § 65-8-102

Current through Acts 2023-2024, ch. 1069

Section 65-8-102 - Borrowing money for payment - Issuance of bonds

Any railroad company described in § 65-8-101 shall have the power to borrow money and to issue its bonds therefor, or for any other indebtedness or liability which it may incur, or may have incurred, in the exercise of its lawful purposes, and to secure the payment of such bonds, with the interest thereon, by a mortgage of the whole or any part of its railroad and equipment and other property and franchises, containing such provisions as its directors shall approve.

T.C.A. § 65-8-102

Acts 1871, ch. 22, § 3; 1871, ch. 69, § 1; Shan., § 1510; Code 1932, § 2581; T.C.A. (orig. ed.), § 65-802.