§ 61-3-1. Short title
This chapter may be cited as the “Airport Authorities Law.”
§ 61-3-11. Proof of existence and authority of airport authority
In any suit, action, or proceeding involving the validity or enforcement of, or relating to, any contract of a municipal airport authority, created pursuant to Section 61-3-5, the municipal authority shall be conclusively deemed to have become established and authorized to transact its business and exercise its powers upon proof of the adoption by the […]
§ 61-3-13. Compensation of commissioners; meetings of authority; voting; officers
Each commissioner of a regional or municipal airport authority may receive from that airport authority per diem compensation in the amount provided by Section 25-3-69 for each day or fraction of a day engaged in attendance of meetings of the authority or engaged in other official duties of the authority, not to exceed one hundred […]
§ 61-3-15. General powers of authority
An authority shall have all the powers necessary or convenient to carry out the purposes of this chapter (excluding the power to levy and collect taxes or special assessments) including, but not limited to, the power: To sue and be sued, to have a seal and to have perpetual succession. To purchase general liability insurance […]
§ 61-3-17. Exercise of power of eminent domain
In the acquisition of property by eminent domain proceedings authorized by this chapter, an authority shall proceed in the manner provided by Chapter 27 of Title 11, Mississippi Code of 1972, and as elsewhere provided by law. For the purpose of making surveys and examinations relative to eminent domain proceedings, it shall be lawful for […]
§ 61-3-19. Disposal of airport property
Except as may be limited by the terms and conditions of any grant, loan or agreement authorized by Section 61-3-25, an authority may, by sale, lease or otherwise, dispose of any airport, air navigation facility or other property, real or personal, or portion thereof or interest therein, acquired pursuant to this chapter. If Section 29-1-1 […]
§ 61-3-21. Operation and use privileges; exemption from taxation
In connection with the operation of an airport or air navigation facility owned or controlled by an authority, the authority may enter into contracts, leases and other arrangements for terms not to exceed fifty (50) years with any persons: Granting the privilege of using or improving the airport or air navigation facility or any portion […]
§ 61-3-23. Promulgation, repeal, etc., of resolutions, rules, regulations, orders and standards
An authority is authorized to adopt, amend, and repeal such reasonable resolutions, rules, regulations, and orders as it shall deem necessary for the management, government, and use of any airport or air navigation facility owned by it or under its control. No rule, regulation, order, or standard prescribed by the commission shall be inconsistent with, […]
§ 61-3-24. Lien on aircraft that land at airport for full amount of landing fees or other charges; enforcement of lien
An authority, at which a commercial airline lands an aircraft operating under its Federal Aviation Administration certificate, shall have a lien upon all aircraft that land at the authority’s airport by the airline for the full amount of any landing fees, or other rates and charges previously promulgated by the authority in its rules and […]
§ 61-3-25. Acceptance of federal and state aid; designation of agent
An authority is authorized to accept, receive, receipt for, disburse, and expend federal and state monies and other monies, public or private, made available by grant or loan or both, to accomplish, in whole or in part, any of the purposes of this chapter. All federal monies accepted under this section shall be accepted and […]
§ 61-3-27. Issuance of bonds; attorneys’ services
An authority shall have the power to borrow money for any of its corporate purposes and issue its bonds therefor, including refunding bonds, which bonds may be payable out of any revenues of the authority, including grants or contributions from the federal government or other sources. Any bonds of an authority issued pursuant to this […]
§ 61-3-29. Issuance of bonds; authorization resolution
The issuance of bonds by an authority shall be authorized by a resolution of the governing body of such authority. Every such resolution shall be adopted by the affirmative vote of at least three-fifths (3/5) of all the members of such governing body. A resolution in compliance with this section shall include any covenants with […]
§ 61-3-3. Definitions
The following words or terms, whenever used or referred to in this chapter, shall have the following respective meanings unless different meanings clearly appear from the context: “Airport” means any area of land or water which is used, or intended for use, for the landing and taking off of aircraft, and any appurtenant areas which […]
§ 61-3-31. Grounds for contesting validation of bonds
After the publication of such authorizing resolution or amendatory resolution, if any, the validation of the bonds authorized thereby may be contested only if: Such bonds were authorized for an objective or purpose for which the political subdivision is not authorized to expend money, or The provisions of law which should have been complied with, […]
§ 61-3-33. Conclusiveness of authority’s classification of project and period of usefulness
The determination of the authority, in the resolution authorizing bonds, as to the classification of the project for which such bonds are authorized and as to the maximum period of usefulness, shall be conclusive in any action or proceeding involving the validity of such bonds.
§ 61-3-35. Notice of sale of bonds
Bonds issued under this chapter may be sold on sealed bids at public sale after publication of at least three (3) weekly notices, published in a financial publication carrying political subdivision bond notices and devoted primarily to financial news or to the subject of state and political subdivision bonds and having circulation among a large […]
§ 61-3-37. Opening and award of bids; payment of premium
All proposals or bids shall be submitted to the authority in a sealed envelope and subsequently opened publicly at the time and place stated in the notice of sale, and each bid shall be publicly announced at the time of opening of bids. A determination with respect to acceptance of a bid shall be made […]
§ 61-3-39. Payment of bonds
All bonds except term bonds of a single issue shall be paid in consecutive annual or semiannual payments. The first annual or semiannual principal payment upon each authorized issue shall be paid not more than thirty-six (36) months after the date of the bonds. The last payment of each authorized issue of bonds shall mature […]
§ 61-3-41. Interest on bonds; details of bonds generally
All bonds shall bear interest at such rate or rates not to exceed that allowed in Section 75-17-103. No bond shall bear more than one (1) rate of interest. Each bond shall bear interest from its date to its stated maturity date at the interest rate specified in the bid or as agreed to by […]
§ 61-3-43. Execution of bonds
All bonds and notes shall be executed in the name of the authority by the manual or facsimile signatures of such officials, including a financial officer, as may be designated by resolution and shall be under the seal (or a facsimile thereof) of the authority. At least one signature on each such bond or note […]