Tennessee § 9-11-109 - Sale price — Exchange — Premiums and discount.
Full text of Tennessee Tennessee Code Annotated § 9-11-109 — Sale price — Exchange — Premiums and discount., with citation guidance and answers to common questions.
§ 9-11-109. Sale price — Exchange — Premiums and discount.
The governing body may sell any or all of the bonds authorized under this chapter in such manner and for such price as it may determine to be for the best interest of the unit. Any or all of the bonds authorized under this chapter may be exchanged for the bonds to be refunded thereby or the evidences of indebtedness to be funded thereby, including bonds not matured or redeemable if the holder thereof be willing to surrender the same for retirement. Additional bonds may be authorized and sold under § 9-11-103(3) , in an amount sufficient to pay: Any redemption premium on bonds refunded; and If such funding or refunding bonds shall be sold or delivered in exchange at a discount, the amount of such discount. Acts 1937, ch. 300, § 9; C. Supp. 1950, § 3516.19; Acts 1969, ch. 283, § 4; T.C.A. (orig. ed.), § 9-1109.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-11-109
What does Tennessee Code Annotated § 9-11-109 cover?
Section 9-11-109 ("Sale price — Exchange — Premiums and discount.") 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 § 9-11-109?
A common citation format is "Tennessee Code Annotated § 9-11-109" (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 § 9-11-109 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.