§ 59-7-507. Negotiability of bonds and coupons; exemption from taxation
All bonds and interest coupons issued under the provisions of this article shall have and hereby are declared to have all the qualities and incidents of negotiable instruments under the Uniform Commercial Code of the State of Mississippi. Such bonds and the income therefrom shall be exempt from all taxation within the State of Mississippi.
§ 59-7-509. Sale of bonds
The board of supervisors of any county issuing bonds under the provisions of this article shall sell such bonds on sealed bids at not less than par plus accrued interest to date of delivery of the bonds to the purchaser, and in the manner provided in Section 31-19-25, Mississippi Code of 1972.
§ 59-7-511. Disposition of proceeds of bonds
The proceeds of the revenue bonds shall be paid into a special fund designated as the “special project port improvement fund” in a bank or banks qualified as depositories for the county issuing bonds under the provisions of this article, and such proceeds shall be used solely for the purposes for which such bonds were […]
§ 59-7-513. Conditions for issuance of bonds; validation of bonds
The revenue bonds authorized to be issued by the provisions of this article may be issued without any other proceedings or the happening of any other conditions or things than those specified or required by this article. In the discretion of the board of supervisors of such county the bonds authorized and issued hereunder may […]
§ 59-7-515. Sources for payment of principal and interest on bonds
The revenue bonds issued under the provisions of this article shall be payable, both principal and interest, solely out of the revenues to accrue from the operation of the facilities provided through the special project for which such bonds are issued, and the full faith and credit of the county shall not be pledged therefor, […]
§ 59-7-517. Operation and maintenance of facilities and establishment of user rates, fees and charges by county issuing bonds
Any county issuing revenue bonds under the provisions of this article is hereby authorized by contract or otherwise to provide for the operation and maintenance of facilities provided through the special project for which such bonds are issued and to establish the rates, fees and charges to be paid by users of such port and/or […]
§ 59-7-519. Disposition of revenues from facilities
All revenues of every kind and character derived from the operation of the facilities of any special project authorized by the provisions of this article shall be paid into the port fund of such county and into a special account in said fund to be designated as the “special project revenue fund” and the resolution […]
§ 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 […]