Tennessee § 65-7-114 - Tax levy to meet bond payments.
Full text of Tennessee Tennessee Code Annotated § 65-7-114 — Tax levy to meet bond payments., with citation guidance and answers to common questions.
§ 65-7-114. Tax levy to meet bond payments.
When the subscription so made becomes due, as provided, it is made the duty of the county legislative body, or municipal authorities, as the case may be, on the receipt of the certificates of stock, as provided in § 65-7-116 , to levy, from time to time, such taxes upon the taxable property, privileges, and persons liable by law to taxation within the county or corporate limits, as the case may be, as will be sufficient and necessary to meet the maturing interest on the bonds of such county, town, or city, and to provide for the payment of the principal; provided, that no tax to pay such subscription exceeding twenty-five percent (25%) of the amount subscribed shall be levied in any one (1) year. Acts 1887, ch. 3, § 13; Shan., § 1571; Code 1932, § 2625; impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 65-714.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 65-7-114
What does Tennessee Code Annotated § 65-7-114 cover?
Section 65-7-114 ("Tax levy to meet bond payments.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 65-7-114?
A common citation format is "Tennessee Code Annotated § 65-7-114" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 65-7-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.