Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds.
Tenn. Code Ann. § 13-20-613
Investment by municipality in bonds of authority
Known as the Housing Authorities Law
The act spans §§ 13–13 (92 sections).
Acts 1935 (Ex
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.