(a) Any property owner may pay the full amount of the benefit assessed against the owner’s property before the bonds are issued and receive a receipt in full for the payment.
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Terms Used In Tennessee Code 54-12-403

  • County mayor: means and includes "county executive" unless the context clearly indicates otherwise. See Tennessee Code 1-3-105
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Trustee: A person or institution holding and administering property in trust.
(b) The payment shall be made to the county trustee, and it shall be the duty of the county clerk to certify to the trustee the amount of the assessment when requested to do so.
(c) The trustee shall enter the payment upon the assessment lists in the trustee’s hands in a separate place provided for the payments, and furnish the county clerk with duplicate receipts given for all assessments paid in full, one (1) of which the clerk shall deliver to the county mayor, and the trustee shall also give a receipt to the property owner so paying in full.
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