§ 59-17-51. Pledge of revenues, rents and earnings to payment of bonds; sinking fund
The net revenues, rents, and earnings derived from any planned development or the net revenues, rents, and earnings received by the board produced by a state inland port, harbor, or part thereof, for which bonds have been issued, shall be pledged and allocated by the board to the payment of the principal of and interest […]
§ 59-17-53. Refunding bonds
The board is authorized to provide by resolution for the issuance of refunding bonds by the state bond commission for the purpose of refunding any bonds issued under the provisions of this chapter and then outstanding, together with interest thereon to the date of such refunding bonds, and redemption premium thereon, if any. The issuance […]
§ 59-17-55. Bonds as legal investments and security for deposits
All bonds issued under the provisions of this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies, the board of trustees of the public employees’ retirement system, and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may […]
§ 59-17-57. Representation of state bond commission by attorney general
Except as otherwise authorized in Section 7-5-39, the Attorney General of the State of Mississippi shall represent the State Bond Commission in issuing, selling and validating bonds herein provided for, and the board is hereby authorized and empowered to expend any sum not exceeding Fifteen Thousand Dollars ($15,000.00) from the proceeds derived from the sale […]
§ 59-17-39. State bonds; proceedings for issuance; validation
Such bonds as are issued under this chapter may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this chapter. The bonds authorized under the authority of this chapter may, in the discretion of the state bond […]
§ 59-17-41. State bonds; payment of principal and interest; limitation on amount issued
The bonds issued under the provisions of this chapter shall be payable from the special fund provided therefor as hereinafter set out and shall be the general obligations of the State of Mississippi and backed by the full faith and credit of the state, and, if the funds supplied by the board to the State […]
§ 59-17-43. State bonds; manner and price of sale
The state bond commission shall sell such state bonds in such manner and for such price as it may determine to be for the best interest of the State of Mississippi, but no such sale shall be made at a price less than par plus accrued interest to date of delivery of the bonds to […]
§ 59-17-45. State bonds; disposition of proceeds from sale
The proceeds of such state bonds issued pursuant to this chapter shall be paid into a special fund or funds in banks qualified to act as depositories for the participating counties in which the port or harbor is located, allocated in such equitable manner as the board may determine and such depositories shall qualify as […]
§ 59-17-47. Withdrawals from special fund for payment of bonds
The funds which are transferred from the sale of bonds under this chapter to the special fund in the qualified depositories set up for each separate port, harbor, or part thereof, may be withdrawn only in the following manner: said funds shall be paid by such qualified depositories upon warrants issued by the state auditor […]
§ 59-17-49. Disposition of net revenues, rents, and earnings from port or harbor
All net revenues, rents, and earnings from the operation or maintenance of any state-owned inland port or harbor, or any part thereof, shall be set aside by the board exclusively for the payment of any bonds issued by the state for such port or harbor, or any part thereof, and shall not be commingled with […]