§ 59-7-311. Exercise of authority for issuance of bonds; form, terms and conditions of bonds; execution of bonds; negotiability and sale of bonds; disposition of proceeds of sale; payment of principal and interests on bonds
The power to issue bonds or other obligations authorized by this article and Section 59-5-31, shall be vested in and may be exercised from time to time by the governing bodies of any municipality or county so authorized in such laws. Such revenue bonds may be issued without an election upon the adoption of a […]
§ 59-7-313. 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of such municipality in a bank or banks which are members of the Federal Deposit Insurance Corporation and may be withdrawn therefrom in accordance with any agreement or agreements entered into between such […]
§ 59-7-315. 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 […]
§ 59-7-317. 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 […]
§ 59-7-319. 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.
§ 59-7-321. 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 […]
§ 59-7-303. Levy of ad valorem tax in certain counties; disposition of proceeds of tax
An ad valorem tax of two mills on each one dollar of the total assessed valuation of all the taxable property in each county or counties in the State of Mississippi, in which there is located a harbor or port of entry where commodities are exported to foreign nations, and where there is maintained a […]
§ 59-7-305. Powers of municipal authorities as to promotion, development, etc., of harbors or seaports
The authorities of any municipality in which there is situated and located, in whole or in part, a port of entry through which commodities are imported and exported to foreign nations, which maintains a channel and/or harbor to a depth of not less than twenty feet, are hereby given the authority to engage in, either […]
§ 59-7-307. Maintenance and operation of improvements and facilities by port commission; collection, etc., of rents, fees, etc.; disposition of revenues; annual reports
All improvements and facilities constructed pursuant to Article 1 of this chapter, and/or constructed pursuant to this article, shall be maintained and operated under the control of the port commission as provided in chapter 1 of this title. The said port commission shall, subject to and in accordance with any agreement or agreements as may […]
§ 59-7-309. 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 of entry through which commodities are imported or exported as aforesaid, is hereby given authority, upon the adoption of a resolution to such effect, to issue bonds or other obligations for any or all of the purposes as provided […]