(a) As used in this chapter, unless the context clearly otherwise requires:

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 9-3-102

  • Facsimile: means a reproduction by engraving, imprinting, stamping, lithographing or other means. See Tennessee Code 9-3-102
  • Municipality: means any county, incorporated city or town, school district, utility district, improvement district, taxing district, housing authority, industrial development board, health and educational facilities board, or other district, authority, commission, board, public body or political subdivision in this state. See Tennessee Code 9-3-102
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Public security: means any bond, note, warrant, certificate of indebtedness or other obligation for the payment of money authorized to be issued by a municipality. See Tennessee Code 9-3-102
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Trustee: A person or institution holding and administering property in trust.
(1) “Facsimile” means a reproduction by engraving, imprinting, stamping, lithographing or other means;
(2) “Municipality” means any county, incorporated city or town, school district, utility district, improvement district, taxing district, housing authority, industrial development board, health and educational facilities board, or other district, authority, commission, board, public body or political subdivision in this state; and
(3) “Public security” means any bond, note, warrant, certificate of indebtedness or other obligation for the payment of money authorized to be issued by a municipality.
(b) Notwithstanding any other law:

(1) Any public security required to be executed by the officers of a municipality may be executed with the facsimile rather than the manual signatures of such officers if so provided in the proceedings authorizing the issuance of such public security; provided, that at least one (1) such signature on each public security shall be manually subscribed or, in the alternative, in the case of any public security being authenticated by a corporate trustee pursuant to the terms of an indenture of trust or other trust instrument, only the signature of the authenticating agent of such trustee need be manually subscribed on such public security, if so provided in such proceedings; and
(2) A facsimile of the official seal of a municipality may be placed on any public security in lieu of the manual impress of such seal, if so provided in the proceedings authorizing the issuance of such public security.
(c) This section is in addition and supplemental to existing law and shall not repeal any other law permitting the use of facsimile signatures or seals on public securities.
  Previous section
Next section  
 Part 1 Contents