§ 7-5-102. Declaration of Purpose and Necessity — Exemption From Taxation
It is hereby declared that a clear need exists in metropolitan 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, with minimal pollution, which requires that such metropolitan areas have the […]
§ 7-5-103. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Authority” means a metropolitan port authority created pursuant to this chapter; “Board” means the board of commissioners of an authority; “Bonds” includes notes, interim certificates or other obligations of an authority; “Contracting party” or “other contracting party” means any party to a sale contract, lease, […]
§ 7-5-104. Creation of Metropolitan Port Authority
Any metropolitan government having a population of not less than one hundred thousand (100,000) may create a metropolitan port authority in the manner provided in this chapter. The governing body of the creating municipality, if it shall determine the public convenience and necessity requires the creation of a metropolitan port authority, shall adopt, and the […]