§ 65-25-1. Citation

This article shall be known, and may be cited, as the “Mississippi River Bridge Revenue Bond Law”.

§ 65-25-11. Improvement of bridges acquired

It shall be the duty of the governing body of any municipality, at or before the time any such bridge shall be acquired by such municipality by purchase or by condemnation, to determine what repairs, replacements, additions, or betterments will be necessary to place the bridge in safe and efficient condition for the use of […]

§ 65-25-13. Construction of bridges

Any municipality is hereby authorized and empowered to construct, whenever it shall deem such construction expedient, any toll bridge located as provided in Section 65-25-3. Such municipality is hereby authorized to purchase within this state and within any adjoining state, solely from funds provided under the authority of this article, such lands, structures, rights of […]

§ 65-25-15. Bridge revenue bonds

The governing body of any municipality is hereby authorized to provide by resolution, at one time or from time to time, for the issuance of bridge revenue bonds of such municipality for the purpose of paying the cost as hereinabove defined of any one or more such bridges, which resolution shall recite an estimate of […]

§ 65-25-17. Lien upon bond proceeds

All moneys received from any bridge revenue bonds issued pursuant to this article shall be applied solely to the payment of the cost of the bridge or bridges, or to the appurtenant sinking fund, and there is hereby created and granted a lien upon such moneys until so applied, in favor of the holders of […]

§ 65-25-19. Trust indenture

In the discretion of the governing body of any municipality issuing its bonds under the provisions of this article, each or any issue of such bonds may be secured by a trust indenture by and between such municipality and a corporate trustee, which may be any trust company or bank having the powers of a […]

§ 65-25-21. Bridge tolls

The governing body of any municipality issuing its bonds under the provisions of this article is hereby authorized to fix and to revise from time to time tolls for transit over such bridges, to charge and collect the same, and to contract with any person, partnership, association, or corporation desiring the use of any bridge, […]

§ 65-25-23. Contributions apart from bridge earnings

Notwithstanding any of the foregoing provisions of Section 65-25-21, any municipality other than the state may, by resolution or ordinance passed prior or subsequent to the issuance of its bonds under the provisions of this article, or by such trust indenture, covenant to contribute funds apart from bridge earnings to pay all or any part […]

§ 65-25-25. Cessation of tolls

When the particular bonds issued for any bridge or bridges and the interest thereon shall have been paid, or a sufficient amount shall have been provided for their payment and shall continue to be held for that purpose, the municipality issuing such bonds shall cease to charge tolls for the use of such bridge or […]

§ 65-25-27. Remedies of bondholders and trustee

Any holder of any bonds issued under the provisions of this article or of any of the coupons attached thereto, and the trustee under the trust indenture, if any, except to the extent the rights herein given may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may […]

§ 65-25-29. Contributions

Any municipality, in addition to the revenues which may be received from the sale of bridge revenue bonds and from the collection of tolls and other bridge revenues derived under the provisions of this article, shall have authority to receive and accept from any federal agency, state, state agency, municipality, municipal agency, or other political […]

§ 65-25-3. Issuance of bridge revenue bonds

Any county or city in this state is hereby authorized and empowered: To acquire by purchase or by condemnation and to construct, or partly acquire and partly construct, and to improve, operate, and maintain bridges wholly or partially within the state within such county or city or within twenty miles of the territory over which […]

§ 65-25-31. Competing bridges and ferries

No bridge for the use of the traveling public located as provided in Section 65-25-3 shall hereafter be constructed and operated by any county, municipal corporation, or political subdivision of the state, or by any person, copartnership, association, or corporation, and no franchise shall hereafter be granted for the operation of a ferry within fifteen […]

§ 65-25-33. General powers of municipalities

The governing body of any municipality issuing its bonds under the provisions of this article shall have power to make and enter into all contracts or agreements necessary or incidental to the execution of its powers under this article, may employ engineering, architectural and construction experts, inspectors, attorneys, and such other employees as may be […]

§ 65-25-35. Bridge revenue refunding bonds

Any municipality is hereby authorized to provide by resolution for the issuance of bridge revenue refunding bonds of such municipality for the purpose of refunding any bridge revenue bonds issued under the provisions of this article and then outstanding. The issuance of such bridge revenue refunding bonds, the maturities and other details thereof, the rights […]

§ 65-25-37. Bridges and bonds exempt from taxation

The exercise of the powers conferred by this article constitute the performance of essential governmental functions, and as bridges which are owned and operated by municipalities constitute public property used for public purposes, such bridges shall at all times be free from taxation within the state. No municipality shall be required to pay taxes or […]

§ 65-25-39. Article liberally construed

This article, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof. But this article shall not be construed to repeal the laws under which any bridge has heretofore been constructed or operated by any county of the state and, as to such counties, the […]

§ 65-25-41. Debt limitations not to apply

Such bonds may be issued for the purpose herein and, regardless of the amount thereof, same shall not be subject to the limitations as to amount of bonded debt based upon amount of the assessed value of taxable property, in a municipality or county.

§ 65-25-43. Bridge commission may be created

The governing authorities of any county or city of this state which has acquired or may hereafter acquire any combined railroad and highway bridge over the Mississippi River, as authorized by Sections 65-23-1 through 65-23-21 or Sections 65-25-1 through 65-25-41, and has issued its bridge revenue bonds for the purpose of financing the cost of […]

§ 65-25-45. General powers of commissioners

The commissioners appointed by such governing body or municipality shall, subject to the approval of such governing body, have the following authority, powers and rights: Said commissioners may adopt reasonable bylaws for the conduct of said commission. Said commissioners shall be governed by and fulfill the terms and provisions of the trust indenture or resolution […]