Section 65-14-106 - Lessee railroads - Guarantee of principal and interest of bonds and other contracts

Such railroad company or companies may severally or jointly, or jointly and severally, guarantee the principal and interest of such bonds as may be issued by the railroad terminal corporation, and may in like manner guarantee the performance of any other contract that the railroad terminal corporation may make in regard to its corporate business.Acts 1893, ch. 11, § 3; Shan., § 2435; mod. Code 1932, § 4064; T.C.A. (orig. ed.), § 65-1406.