§ 59-7-417. Exercise of authority for issuance of bonds; form, terms and conditions of bonds; execution of bonds; negotiability and sale of bonds; interim certificates
The power to issue bonds or other obligations authorized by Section 59-7-415 shall be vested in, and may be exercised from time to time by the governing body of any such municipality described in said section. Such bonds or other obligations shall be authorized by resolution of the governing body of any such municipality and […]
§ 59-7-419. Disposition of proceeds of bonds; penalties for diversion; guarantee of payment
The proceeds from the sale of any bonds or other obligations issued pursuant to this article shall be placed to the credit of such municipality in a bank or banks, which are members of the federal deposit insurance corporation and may be withdrawn therefrom in accordance with any agreement or agreements entered into between such […]
§ 59-7-421. Mortgage or deed of trust securing bonds
Any municipality issuing bonds or other obligations pursuant to this article by resolution or resolutions duly adopted, is hereby given authority to execute and deliver a mortgage or deed of trust, in such form, with such validity and with such remedies as at present authorized under the laws of the State of Mississippi, on any […]
§ 59-7-423. Applicability of municipal debt limitations to bond issues; funds from which bonds payable
The bonds or other obligations issued by any municipality of the State of Mississippi pursuant to this article shall not constitute a debt within the meaning of any statutory limitation as to the amount of debt which may be incurred by any such municipality, nor shall such bonds or other obligations be payable out of […]
§ 59-7-425. Exemption from taxation of bonds
Bonds or other obligations issued pursuant to this article and any interest thereon or income therefrom shall be exempt from all taxation, except gift, transfer and inheritance taxes, in so far as may be within the power of the State of Mississippi so to provide.
§ 59-7-427. Powers of municipality with respect to issuance of bonds
In connection with the issuance of bonds or other obligations by any municipality pursuant to this article, or in order to secure the payment of said bonds or other obligations, such municipality shall have power: To accept grants from the United States of America, the president of the United States, the federal emergency administrator of […]
§ 59-7-429. Trustees
Any municipality issuing bonds or other obligations pursuant to this article shall, so long as any such bonds or other obligations remain outstanding and unpaid, by resolution or resolutions duly adopted, authorize and appoint a trustee, satisfactory to the purchaser or purchasers of any bonds or other obligations issued pursuant to this article, or any […]
§ 59-7-413. Maintenance and operation of improvements and facilities by commission; collection, etc., of rents, fees, etc.; disposition of revenues; annual reports
All improvements and facilities constructed pursuant to this article shall be maintained and operated under the control of the port commission as provided by this article. The port commission shall, subject to and in accordance with any agreement or agreements as may be made by any such municipality with the purchaser or purchasers of bonds […]
§ 59-7-415. Authorization of issuance of bonds by municipalities; audit and inspection of accounts
Any municipality, in which there is situated and located in whole or in part a port or harbor through which commerce flows and having not less than eight industries engaged in the seafood industry as aforesaid, is hereby given authority, upon the adoption of a resolution to such effect, to issue bonds or other obligations […]
§ 59-7-401. Construction and effect of article
Nothing in this article shall be construed as repealing or altering any existing laws now on the statute books affecting any ports or port laws, and this article is to be considered supplementary, and any word, sentence or paragraph in this article that may be in conflict with the provisions of any other law shall […]