5-3-113 - Debt reorganization Definition of terms.
5-3-113. Debt reorganization Definition of terms.
As used in this section and §§ 5-3-114 5-3-121, the following words and terms have the following meanings:
(1) Absorbed county means any county or a part of any county that is absorbed by another county;
(2) Absorbing county means any county that absorbs any other county or portion of any county;
(3) Funding bonds means bonds issued to pay or to extend the time of payment of debts not evidenced by bonds;
(4) Governing body means the county legislative body of the absorbing county; and
(5) Refunding bonds means bonds issued to pay or to extend the time of payment of debts evidenced by bonds.
[Acts 1939, ch. 225, § 1; C. Supp. 1950, § 136.10 (Williams, § 136.12); impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 5-313.]