The corporations enumerated in § 71-3-601 may own and hold real and personal property necessary for building, cultivation, and to rent out to raise means to assist in the support of such corporations.Acts 1885, ch. 92, § 8; Shan., § 4351; Code 1932, § 4580; T.C.A. (orig. ed.), §§ 14-1202, 14-11-102.
Tennessee Legal Code