Bonds may be issued in form payable to bearer with coupons attached for the payment of interest and, if so issued, shall be subject to registration as to principal only or as to both principal and interest. Bonds may also be issued in fully registered form without coupons. Coupon and registered bonds shall be interchangeable […]
No bonds or notes shall be made payable on demand, but any bond or note may be made subject to redemption prior to maturity on such notice and at such time or times and with such redemption provisions as may be stated in the resolution authorizing the issuance of the bond or note. When any […]
In the discretion of the authority, all bonds may be further secured by a trust agreement between the authority and a corporate trustee, which may be any trust company or bank having powers of a trust company within or without the state. Any such trust agreement or any resolution providing for the issuance of such […]
Any municipality or a state-supported institution of higher learning or a public community or junior college, by resolution, may create a public body, corporate and politic, to be known as a municipal airport authority, which shall be authorized to exercise its functions upon the appointment and qualification of the first commissioners thereof. Upon the adoption […]
All revenues pledged to the payment of bonds shall be subject to a lien in favor of the holders of such bonds, and all such revenues received by the authority shall be immediately subject to such lien without any physical delivery thereof or further act by the authority. The lien shall be effective as against […]
Any authority, authorized by a statute other than this chapter to refund its outstanding bonds and permitted to do so by the terms of any resolutions and trust agreements pertaining to such bonds, may refund all, or any part of, one or more bond issues. However, the refunding bonds shall be issued in accordance with […]
Nothing contained in this chapter shall be construed to confer on any authority any right or option to redeem any bonds or notes heretofore or hereafter issued, except as is or may be provided in the proceedings under which such bonds were or shall be issued.
All bonds and notes and appurtenant coupons issued pursuant to this chapter shall be negotiable instruments within the meaning of the Uniform Commercial Code of the State of Mississippi.
No bonds shall be delivered to any purchaser by any authority unless they shall have first been validated in accordance with the provisions of Sections 31-13-1 through 31-13-11, Mississippi Code of 1972.
The Jackson Metropolitan Area Airport Authority is created and established and full power is vested in the authority to manage, control and enforce all necessary and beneficial matters pertaining to the operation of Jackson-Medgar Wiley Evers International Airport and Hawkins Field Airport. The authority shall have the same powers and duties as a municipal airport […]
In addition to the power to borrow money pursuant to Sections 61-3-27 through 61-3-61, Mississippi Code of 1972, an airport authority may, in anticipation of the receipt of income, revenues, grants or subsidies from any source, including, but not limited to, the federal government or any federal agency, the state or any state agency, any […]
The accomplishment of the purposes stated in this chapter being for the benefit of the people of this state and for the improvement of their properties and industries, the authority, in carrying out the purposes of this chapter, will be performing an essential public function, and the interest on the bonds and notes issued hereunder […]
In determining the amount to be expended for a project pursuant to this chapter, the authority may include the engineering, legal, fiscal, architectural, inspection, recording, printing, publishing and related cost of the acquisition, construction or reconstruction of the property or improvement to be financed, including interest during construction.
In addition to the general and special powers conferred by this chapter, every authority is authorized to exercise such powers as are necessarily incidental to the exercise of such general and special powers. The governing authority of each municipality, as defined herein, shall have the authority to issue general obligation bonds of the municipality, as […]
For the purposes of Sections 61-3-67 through 61-3-75, unless otherwise qualified, the term “public agency” includes municipality and authority, each as defined in this chapter, any agency of the state government and of the United States, and any municipality, political subdivision and agency of an adjoining state. The term “governing body” includes the commissioners of […]
Any two or more public agencies may enter into agreements with each other for joint action pursuant to the provisions of Section 61-3-67. Each agreement shall specify its duration, the proportionate interest which each public agency shall have in the property, facilities, and privileges involved in the joint undertaking, the proportion of costs of operation, […]
Two (2) or more municipalities or two (2) or more municipalities and any state-supported institution of higher learning or a public community or junior college, by resolution of each, may create a public body, corporate and politic, to be known as a regional airport authority which shall be authorized to exercise its functions upon the […]
Public agencies acting jointly pursuant to Section 61-3-67 shall create a joint board which shall consist of members appointed by the governing body of each participating public agency. The number to be appointed, their term and compensation, if any, shall be provided for in the joint agreement. Each joint board shall organize, select officers for […]
The total expenditures to be made by the joint board for any purpose in any calendar year shall be as determined by a budget approved by the constituent public agencies on or before the preceding October 1st, or as otherwise specifically authorized by the constituent public agencies. No airport, air navigation facility, airport hazard, or […]
For the purpose of providing the joint board with moneys for the necessary expenditures in carrying out the provisions of Sections 61-3-67 through 61-3-75, a joint fund shall be created and maintained into which shall be deposited the share of each of the constituent public agencies as provided by the joint agreement. Any federal, state, […]
