There is a newer version of the Tennessee Code
2015 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 8 - Purchase and Sale of Railroads
§ 65-8-108 - Right of purchaser to tax exemption waived.
TN Code § 65-8-108 (2015) What's This?
Nothing in § 65-8-106, § 65-8-107 or § 65-10-112 shall be construed to exempt the railroad and its property from liability to state, county, and municipal taxation; and the purchasers shall waive any right of exemption from taxation, if any existed in the original charter, or other law of this state, in favor of such railroad property or stock therein.
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