Tennessee Code 13-20-613 – Investment by municipality in bonds of authority
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Terms Used In Tennessee Code 13-20-613
- Bonds: means any bonds, interim certificates, notes, debentures, or other obligations of the authority issued pursuant to this chapter. See Tennessee Code 13-20-102
- housing authority: means a public body and a body corporate and politic organized in accordance with this chapter for the purposes, with the powers, and subject to the restrictions, hereinafter set forth. See Tennessee Code 13-20-102
- Municipality: means any city, town, or village or other municipality in the state. See Tennessee Code 13-20-102
Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds.