§ 64-4-110. Bonds
The port authority has the power to issue negotiable bonds in order to accomplish any of the purposes authorized by this chapter in any of the following manners: Upon resolution of the board of commissioners, and in the manner provided by this chapter, the port authority may issue bonds of the port authority without the […]
§ 64-4-111. Bondholders’ Rights in Event of Default
The county legislative body or the board of commissioners authorizing and issuing bonds has the power, by resolution, to confer upon any holder or holders of a specified amount or percentage of bonds, including a trustee or trustees, for such holders, the rights, in the event of an “event of default,” as defined in such […]
§ 64-4-101. Short Title
This chapter shall be known and may be cited as the “Tennessee River Four-County Port Authority Act.”
§ 64-4-102. Legislative Findings — Public and Governmental Character of Port Authorities — Declaration of Public Necessity
It is declared that a clear need exists in rural areas of Tennessee for improved transportation and navigation for the movement and transportation of people, goods and merchandise and for the creation of expanded employment opportunities through the promotion of commerce and industry and with minimal pollution, which require that such rural areas shall have […]
§ 64-4-103. Authority Established — Purposes
There is established in Decatur, Hardin, Perry and Wayne counties a port authority to be known as the “Tennessee River four-county port authority.” The port authority shall be established for the purposes of: Acquiring, constructing, operating and maintaining ports and navigation terminals on the Tennessee River, including docks, wharves, piers, loading and unloading machinery, scales, […]
§ 64-4-104. Board of Commissioners — Meetings — Officers and Employees
The governing power of the authority shall be vested in a board of commissioners composed of three (3) members from each participating county. Nominees for election to the board shall be presented by the county mayor of each county. The county legislative body shall elect from the nominees presented by majority vote. Each member shall […]