(a) Should the governing body of any municipal corporation fail to levy such tax at the regular tax levy then, upon a petition containing the signatures of not less than five percent (5%) of the registered voters of the municipal corporation being presented to the governing body, such governing body shall call an election to be held at the next regular municipal election, at which time it shall be determined by a majority vote whether or not such tax shall be levied and collected to be used for any one (1) or more of such purposes.
Terms Used In Tennessee Code 6-54-203
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
For Advertising Tax Levy of ______________ cents
Against Advertising Tax Levy of ______________ cents
and the voters shall signify their will by putting an X mark opposite “For Advertising Tax Levy of ____________________ cents” or “Against Advertising Tax Levy of ____________________ cents.
(d) At such election every voter qualified to vote in the regular municipal election shall be entitled to vote.
(e) A majority vote of the votes cast “For Advertising Tax Levy of ____________________ cents” and “Against Advertising Tax Levy of ____________________ cents” shall determine the will of the voters. After the election has been held and the vote determined, the governing body of the municipal corporation where the election was held shall carry out the will of the voters.
