All municipal corporations may, for corporate purposes, hold real estate beyond their limits.
Code 1858, § 1363 (deriv. Acts 1857-1858, ch. 28, § 1); Acts 1875, ch. 92, § 17; Shan., § 1922; Code 1932, § 3334; T.C.A. (orig. ed.), § 6-603.
Cross-References. Foreign-trade zones, title 7, ch. 85.