Actions against any county, city, town, utility district, special school district or any other municipality or political subdivision of the state for the payment of any bond issued thereby, or for the payment of any coupon representing interest on such bond, shall be commenced within fifteen (15) years after the maturity date of such bond unless such county, municipality, district or political subdivision by action of its governing body shall waive such limitation.Acts 1957, ch. 115, § 1; T.C.A., § 28-313.
Tennessee Legal Code