§ 64-2-408. Funds and Funding
The authority has the powers with respect to finance as follows and, in exercising such powers, shall abide by all statutes, regulations and procedures to which counties must generally adhere in such matters: To borrow money for any of its corporate purposes and issue its bonds for its corporate purposes, including refunding bonds, in such […]
§ 64-2-409. Operating Revenues
The revenues derived from the operation of the properties and facilities authorized and the proceeds derived from the sale, transfer, lease or other disposition of any land or other facilities shall be applied and used as follows: The payment of all operating expenses of the authority, except that the proceeds derived from the sale, transfer […]
§ 64-2-410. Contracts
All contracts of the authority shall be entered into and executed in such manner as may be prescribed by statutes, regulations and procedures governing contracting by county governments, but no contract or acquisition by purchase of equipment, apparatus, materials or supplies involving more than five hundred dollars ($500) or for construction, installation, repair or improvement […]
§ 64-2-411. Annual Report
The board of directors of the authority shall report annually to the governing bodies of the various counties and cities within the boundaries of the authority. Such reports shall include statements of financial receipts and expenditures and a summary of activities and accomplishments for the period and proposed plans for the next year and for […]
§ 64-2-412. Audit of Operations
The board of directors of the authority shall cause an annual audit to be made of the books and records of the authority. Within thirty (30) days after receipt by the authority, a copy of the annual audit shall be filed with the clerk or recorder of the appropriate county or municipality, who shall then […]
§ 64-2-413. Liberal Construction
This part is remedial in nature and shall be liberally construed to effect its purposes of: Promoting the movement and transfer of people, goods and merchandise to, from and through the boundaries of the authority; Encouraging utilization of the natural resources therein; and Promoting the growth and development of commerce and industry in the counties […]
§ 64-2-414. Part Supplemental to Other Laws
The powers, authority and rights conferred by this part shall be in addition and supplemental to, and the limitations imposed by this part shall not affect, the powers conferred by any other general, special or local law.
§ 64-2-407. Eminent Domain
The authority is hereby authorized and empowered to condemn, in the name of the authority any land, easements or rights-of-way in the boundaries of the authority that, in the opinion of the board of directors, are necessary or convenient to carry out the purposes of this part. Title to property so condemned shall be taken […]
§ 64-2-401. Creation — Purpose
There is hereby created the North Central Tennessee railroad authority in the counties of Montgomery, Houston and Stewart. This authority is intended to secure economic benefits to the above counties and to the cities of Clarksville and Cumberland City by providing for the continuation of certain railroad service in the counties of Montgomery, Houston and […]
§ 64-2-402. Effective Date
This part shall take effect when: Two (2) or more of the counties of Montgomery, Houston or Stewart or the cities of Clarksville or Cumberland City are authorized by a majority vote of their respective governing bodies to become members of the authority; Evidence of such authorization is proclaimed and countersigned by the presiding officer […]