Definitions of terms used in sections 1044—1052.
Memphis Charter, art. 81, § 1053
in effectSec. 1053. - Definitions of terms used in sections 1044—1052.
Within the meaning of this statute [sections 1044—1052], the term "fiscal year" shall mean the period corresponding to the calendar year. As to the taxes and revenue arising from the levying and collection of taxes within the cities, wherein said board of education have their situs, this statute refers to taxes, the lien for which attaches on the 10th day of January of the year in which said notes are first issued; and as to the taxes and revenues arising from the levying and collection of taxes known as State and County taxes in the County, wherein said board of education has its situs, this statute refers to the taxes the lien for which attaches on the 10th day of January in the calendar year prior to that in which said notes or bonds are first issued. To be more specific, said State and County taxes being levied in 1920, under a lien attaching, January 10th, 1920, became delinquent March 1, 1921, and reach said board of education as common school funds during approximately the second quarter of the fiscal year, 1921, as herein defined.
(Priv. Acts 1921, ch. 5, § 9)
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_ART81CHBOEDMESC_DIVIIFIAF_S1053DETEUSSE1044--1052Fetched: 10/28/2026