Section 65-8-108 - Right of purchaser to tax exemption waived

Nothing in § 65-8-106, § 65-8-107 or § 65-10-112 shall be construed to exempt the railroad and its property from liability to state, county, and municipal taxation; and the purchasers shall waive any right of exemption from taxation, if any existed in the original charter, or other law of this state, in favor of such railroad property or stock therein.Acts 1877, ch. 12, §§ 2, 5; Shan., § 1514a1; Code 1932, § 2589; T.C.A. (orig. ed.), § 65-809.