Tennessee Code 7-60-207 – Validity of bonds or notes
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Terms Used In Tennessee Code 7-60-207
- County: means any county or any metropolitan form of government in this state having a population of two hundred thousand (200,000) or more, according to the 1980 federal census or any subsequent federal census, that by resolution has made the findings and determinations required by §. See Tennessee Code 7-60-103
- Dependent: A person dependent for support upon another.
- Home: means residential housing, including real property and improvements on real property, consisting of one (1) or more dwelling units, including, but not limited to, condominium units, owned by one (1) person or family of lower or moderate income that occupies or intends to occupy one (1) of such units. See Tennessee Code 7-60-103
- notes: means the bonds and notes respectively authorized to be issued by counties under this chapter. See Tennessee Code 7-60-103
The validity of the authorization and issuance of the bonds or notes authorized under this chapter shall not be dependent on or affected in any way by proceedings relating to home mortgages or qualified home improvement loans for which the bonds or notes are issued. Bonds or notes issued under this chapter bearing the signatures of officers in office on the date of the signing of the bonds or notes shall be valid and binding obligations, notwithstanding that before the delivery of the bonds or notes any or all of the persons whose signatures appear on the bonds or notes have ceased to be officers of the county issuing the bonds or notes.