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Redemption of certificates.

Memphis Charter, art. 53, § 520
in effect
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Sec. 520. - Redemption of certificates. When the amount of the fund arising from the collection of assessments levied for any improvement shall, with its accumulations, equal the amount of the outstanding certificates and accrued interest entitled to payment out of such fund, the legislative body of such municipality shall have authority to redeem any and all certificates that may be presented for redemption at such time thereafter as the holders may desire to present them for redemption. (Acts 1907, ch. 341, § 11)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART53STIMUNFRFOASLA_S520RECEFetched: 10/28/2026

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