The mayor and council of the metropolitan government shall have the power and authority
to participate in, cooperate in and take all necessary action with respect to any
and all projects, programs and undertakings of any nature whatsoever authorized by
any statute, rule or regulation of the United States or the State of Tennessee, or
any federal or state agency or instrumentality, including, but not limited to, urban
renewal, highways, aviation, aviation terminals, airports, airport facilities, river
development or river terminals, municipal area or regional development, schools, colleges
or any other area of education, sewers and sewage disposal, public housing, housing
for the aged, and transportation or mass transit or any phase thereof, to exercise
with respect thereto all the powers conferred by section 7-36-102 of Tennessee Code
Annotated [Repealed]* and any other state or federal statute, to borrow money and
issue promissory notes, general obligation bonds, or revenue bonds, or a combination
thereof, for any such purposes, and to execute mortgages or deeds of trust in favor
of any federal agency, secured by property of which the metropolitan government is
the legal, or beneficial or equitable owner, or in favor of any private agency where
the loan is guaranteed by a federal agency.
(Res. No. 88-526, § 38, 10-4-88)
*Editor's note—
The relevant Code sections are codified at T.C.A. 7-3-301 and 9-21-101 et seq.
