§ 59-17-1. Short title; “board” defined
This chapter may be cited as the “State Inland Ports Law.” As used in this chapter, the word “board” shall mean the Mississippi Development Authority.
§ 59-17-11. Condition precedent to board action
The board shall take no action in building, constructing, acquiring, or developing any state-owned inland port unless the Tennessee Valley Authority or other governmental agency agrees to furnish at least seventy-five percent (75%) of the cost of building, acquiring, constructing, or developing said port.
§ 59-17-13. General powers of board; State Inland Port Authority authorized to borrow money and to enter into a joint agreement with a county or municipality to issue revenue bonds; leases executed by State Inland Port Authority exempt from ad valorem taxes if so stipulated in lease
The board shall have power to acquire, purchase, install, lease, construct, own, hold, maintain, equip, use, control, and operate ports, harbors, waterways, channels, wharves, piers, docks, quays, elevators, tipples, compresses, bulk loading and unloading facilities, warehouses, floating dry docks, graving docks, marine railways, tugboats, machinery and equipment, and water, air and rail terminals, and roadways […]
§ 59-17-15. Acceptance of grants and contributions by board
The board, in addition to the monies which may be received by it from the sale of bonds, the proceeds of a loan, and from the collection of revenues, rents and earnings derived under the provisions of this chapter, shall have the authority to accept from any public or private agency, or from any individual […]
§ 59-17-17. Appraisal of plan for project; agreement between board and county or agency proposing project
On the receipt of an application from any county or agency authorized under the laws of the State of Mississippi to operate or support a port or harbor project, or any part thereof, the board shall cause an independent determination and appraisal to be made of such analysis and survey, and the plan for the […]
§ 59-17-19. Tax levy by counties for payment of bonds
Before any additional bonds may be issued for equipment as authorized by Section 59-17-41, at least one (1) county shall have levied a tax upon all the taxable property, both real and personal, within its boundaries for the purpose of paying the principal and interest on such bonds and the aggregate amount of the additional […]
§ 59-17-21. Contract with master water management district to underwrite financial obligations for project
In the event no three (3) counties shall contract on the basis provided for in Section 59-17-19, then any master water management district may be considered an authorized agency and may enter into a contract with the board whereby they must agree to underwrite any deficits incurred from the operation of the port and/or obligations […]
§ 59-17-23. Operation of port or harbor by state inland port authority; composition of authority; appointment and terms of office of members
Any port or harbor, or any part thereof, and all facilities, structures, lands or other improvements, leased by, acquired by or conveyed to the state shall be operated by the board acting through a state inland port authority for such port or harbor, except as may be otherwise provided in this chapter. Such port authority […]
§ 59-17-25. Organization of state inland port authority; oath and bond of members
The members of the state inland port authority shall organize under the direction of the board in the same manner that state port authorities are organized and shall be entitled to compensation not exceeding that authorized by law for a state port authority. In its operation of such port or harbor, or any part thereof, […]
§ 59-17-27. State inland port fund; board may contract for joint activities or employment of personnel
The agreement between the board and the participating counties or other authorized agency shall provide that a fair and proportionate part of the expense of the board administering this chapter shall be considered a part of the cost of the development or operation of the planned development, and such costs shall be paid into a […]
§ 59-17-29. Setting aside or leasing of lands and facilities by board
The board, acting jointly with the State Inland Port Authority, is authorized to set aside, or lease all or portions of any lands, roads, docks, sheds, warehouses, elevators, compresses, floating dry docks, graving docks, marine railways, tugboats, or any other necessary or useful improvements constructed or acquired by it to individuals, firms, or corporations, public […]
§ 59-17-3. Declaration of public policy
It is hereby declared to be the public policy of the state to aid the industrial development and economy of the state through the acquisition, promotion, development, improvement and expansion of inland ports and attendant industrial sites.
§ 59-17-31. Authority of board or inland port authority to employ personnel, make contracts and purchases, and sue and be sued
The board or the State Inland Port Authority, in the performance of its duties, may employ such personnel and make all contracts and purchases incidental to or necessary for the advancement, promotion, development, establishment, insurance, maintenance, repair, improvement and operation of any ports, harbors, rivers, channels and waterways, including, if required for its protection, retirement […]
§ 59-17-33. Acquisition of rights of way, land and property by board generally; restriction on power of eminent domain
For the acquiring of rights-of-way, land and property, including existing easements, restrictive covenants and reversionary estates necessary for the purpose herein authorized, the board shall have the right and power to acquire the same by purchase, negotiation or condemnation, and, should it elect to exercise the right of eminent domain, it may proceed in the […]
§ 59-17-35. State bonds; issuance, terms, and conditions generally
The board shall have power and is hereby authorized, at one (1) time, or from time to time, to provide by resolution for the issuance of negotiable bonds of the State of Mississippi by the state bond commission to provide funds for the purpose of paying all or any part of the cost of the […]
§ 59-17-37. State bonds; negotiability; exemption from taxation
All bonds and interest coupons issued under the provisions of this chapter shall have and are hereby declared to have all the qualities and incidents of negotiable instruments under the Uniform Commercial Code of the State of Mississippi. Such bonds and income therefrom shall be exempt from all taxation within the State of Mississippi.
§ 59-17-39. State bonds; proceedings for issuance; validation
Such bonds as are issued under this chapter may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this chapter. The bonds authorized under the authority of this chapter may, in the discretion of the state bond […]
§ 59-17-41. State bonds; payment of principal and interest; limitation on amount issued
The bonds issued under the provisions of this chapter shall be payable from the special fund provided therefor as hereinafter set out and shall be the general obligations of the State of Mississippi and backed by the full faith and credit of the state, and, if the funds supplied by the board to the State […]
§ 59-17-43. State bonds; manner and price of sale
The state bond commission shall sell such state bonds in such manner and for such price as it may determine to be for the best interest of the State of Mississippi, but no such sale shall be made at a price less than par plus accrued interest to date of delivery of the bonds to […]
§ 59-17-45. State bonds; disposition of proceeds from sale
The proceeds of such state bonds issued pursuant to this chapter shall be paid into a special fund or funds in banks qualified to act as depositories for the participating counties in which the port or harbor is located, allocated in such equitable manner as the board may determine and such depositories shall qualify as […]