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2015 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 7 - Subscription to Railroad Stock by Counties and Municipalities
§ 65-7-101 - Power of locality to become stockholder.

TN Code § 65-7-101 (2015) What's This?

Any county, incorporated city, or town may become a stockholder in any railroad company incorporated under the general laws of this state, to an amount not exceeding, in the aggregate, one-tenth (1/10) of its taxable property, by complying with the requirements of this chapter.

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