Tenn. Code § 65-7-102
Current through Acts 2023-2024, ch. 1069
No county, incorporated city, or town shall subscribe to the capital stock of any railroad company under this chapter unless its railroad runs through the county or within one (1) mile of the incorporated city or town making the subscription; provided, that any county within which the railroad or any of its branches terminates may subscribe under this chapter.
T.C.A. § 65-7-102