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Terms Used In Tennessee Code 54-11-224

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

The county and municipal corporation erecting a bridge as provided in §§ 54-11-222 and 54-11-223 have the power to fix the tolls to be charged and collected and provide for the collection of the tolls, and make all necessary rules and regulations for the keeping up and management of the bridge when erected.