§ 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 […]
§ 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 […]
§ 64-2-408. 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 […]