§ 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 […]
§ 59-7-451. Creation of additional county port commissions authorized
Any county in the State of Mississippi bordering on the Mississippi River which has not heretofore created a county port authority or county port commission is hereby authorized, in the discretion of the board of supervisors of such county, as evidenced by a resolution adopted by such board of supervisors, to create a county port […]
§ 59-7-453. Membership of commission; appointment and terms of office of members; general powers and duties
Such county port commission shall consist of seven (7) members to be appointed by the board of supervisors, one (1) of whom shall represent each of the supervisors districts of the county and shall be a resident of such supervisor’s district, and two (2) members shall be appointed from the county at large and be […]
§ 59-7-455. Operative date of commission’s duties and authority; expenditure of county funds
The duties and authority conferred in Sections 59-7-101 through 59-7-131, through 59-7-201 through 59-7-211, 59-7-501 through 59-7-519, and Sections 27-39-3 through 27-39-13, Mississippi Code of 1972, shall apply to any county coming within the provisions of this article commencing on the date of the adoption of the aforesaid resolution by the board of supervisors of […]
§ 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 […]