Said commission is expressly authorized to exercise the power of eminent domain on
behalf and in the name of Davidson County within the boundaries of said county, in
order to acquire any property, real or personal, necessary or useful in exercising
the power and authority conferred by this Act. The title to all property taken for
the propose of exercising the powers conferred by this Act, whether acquired by contact
or by the exercise of the power of eminent domain, shall be taken in the name of Davidson
County, Tennessee, and such condemnation proceedings as may be deemed necessary or
proper shall be pursuant to and in accordance with the provisions of section 29-16-101
to 29-16-124 and 29-17-401 to 29-17-404, inclusive, of the Code of Tennessee. Provided,
however, that in no event shall said farmers' market commission have authority beyond
the amount of the funds made available to it by the issuance and sale of the bonds
authorized by the provisions of this Act; with the exception that, for the purpose
of constructing, expanding, remodeling and extending such marketing facilities, the
Davidson County Quarterly Court is specifically authorized to borrow money at a rate
not to exceed six percent (6%) per annum in anticipation of the revenues from the
market, and leases may be used as collateral for such loans as hereinabove provided.
(Pr. Acts 1959, ch. 35, § 7.)
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