Any municipality or municipalities with respect to which the authority has been created has all necessary powers in order to further the purposes of this chapter, including, but not limited to, the following, any or all of which powers may be exercised by resolution of its governing body:

(1) Advance, donate or lend money or real or personal property to the authority;

Terms Used In Tennessee Code 7-87-111

  • Authority: means a port authority created pursuant to this chapter. See Tennessee Code 7-87-103
  • Governing body: means the body in which the general legislative powers of a municipality are vested. See Tennessee Code 7-87-103
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Municipality: means any county or incorporated city or town in this state with respect to which an authority may be organized. See Tennessee Code 7-87-103
  • Port: means and includes any one (1) or more harbors or ports and related facilities, including, but not limited to, land and interests in land, wharves, piers, loading and unloading machinery, scales, transportation equipment, harbor and riverfront or lake front improvements, buildings, storage and transfer facilities, elevators, railroads, switchyards, concentration yards, roads, bridges, communication, electric power, gas, water and all other utility facilities and such other structures, facilities and improvements necessary or convenient to the development of harbors and river ports and for the promotion either directly or indirectly of trade, industry, and commerce. See Tennessee Code 7-87-103
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(2) Provide that any funds on hand or that become available to it for port purposes shall be paid directly to the authority;
(3) Cause water, sewer, gas, electric or other utility services to be provided to the authority;
(4) Sell, lease, dedicate, donate or otherwise convey to the authority any of the municipality’s interest in any existing port or other related property, or grant easements, licenses or other rights or privileges in the port or other related property to the authority;
(5) Open and improve streets, roads and alleys to the port;
(6) Provide police and fire protection services to the port; and
(7) Enter into agreements with the authority with regard to the transfer of its port employees to the authority with the retention of such employees of any civil service status and accrued rights in pension, disability, hospitalization and death benefits.
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