§ 51-9-221. Rights and powers of district to remain unchanged while bonds are outstanding and unpaid
The state hereby covenants with the registered owners of any bonds of the district that so long as the bonds are outstanding and unpaid the state will not limit or alter the rights and powers of the district under this act to conduct the activities referred to herein in any way pertinent to the interests […]
§ 51-9-225. Provisions of article to be cumulative of other statutes
The provisions of this act are cumulative of other statutes now or hereafter enacted relating to the issuance of bonds; to waterworks or water supply systems; and to the design, construction, acquisition or approval of facilities for such purposes, and any public agency may exercise all presently held powers in the furtherance of this act.
§ 51-9-227. Severability of provisions
If any clause, sentence, paragraph, section or part of the provisions of this act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof directly involved in the controversy in which such judgment shall have been rendered.
§ 51-9-209. Validation of bonds; notice
All bonds (other than refunding bonds, interim notes and certificate of indebtedness) issued pursuant to this act shall be validated as now provided by law in Sections 31-13-1 through 31-13-11, Mississippi Code of 1972; provided, however, that notice of such validation proceedings shall be addressed to the taxpayers of any public agency (i) which has […]
§ 51-9-211. State not obligated with respect to bonds; limitations on obligation of district
Bonds issued under the provisions of this act shall not be deemed to constitute, within the meaning of any constitutional or statutory limitation, a debt, liability or obligation of the state, nor shall such bonds constitute a pledge of the full faith and credit of the state or of the district, but shall be payable […]
§ 51-9-213. Powers of district in connection with issuance of bonds
The district shall have power in connection with the issuance of its bonds to: Covenant as to the use of any or all of its property, real or personal. Redeem the bonds, to covenant for their redemption and to provide the terms and conditions thereof. Covenant to charge rates, fees and charges sufficient to meet […]
§ 51-9-215. Appointment of trustee to represent bond owners; appointment of receiver
The district may, in any authorizing resolution of the board of directors, trust indenture or other security instrument relating to its bonds, provide for the appointment of a trustee who shall have such powers as are provided therein to represent the registered owners of any issue of bonds in the enforcement or protection of their […]
§ 51-9-217. Exemption of district from taxes and fees; bonds to be free from taxation; exceptions
The exercise of the powers granted by this act will be in all respects for the benefit of the people of the state, for their well-being and prosperity and for the improvement of their social and economic conditions, and the district shall not be required to pay any tax or assessment on any property owned […]
§ 51-9-219. Bonds to be legal investments and to be accepted by state officers and bodies
All bonds issued under the provisions of this act shall be legal investments for trustees, other fiduciaries, savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi; and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies […]
§ 51-9-183. Termination of authority
The powers and authority of any reservoir police officer, whether appointed or commissioned pursuant to the provisions of this article or any former law of this state, may be terminated at any time by the board of directors of the district.