Tennessee Code 69-5-904 – Bonds a charge on land in district only
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 69-5-904
- Lands: includes lands, tenements and hereditaments, and all rights thereto and interests therein, equitable as well as legal. See Tennessee Code 1-3-105
- Property: includes both personal and real property. See Tennessee Code 1-3-105
Each bond shall show expressly upon its face that it is to be paid only by assessments levied and collected on the lands within the district so designated and numbered, and for the benefit of which district such bond is issued. No assessment shall be levied or collected for the payment of such bond or bonds, or the interest on the bond or bonds, on any property, real or personal, outside the district so numbered, designated, and benefited.