reglab/housing_qa huggingface dataset:
MS Code § 61-3-21 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 or facility thereof or space therein for commercial purposes;   Conferring the privilege of supplying goods, commodities, things, services or facilities at the airport or air navigation facility; and   Making available services to be furnished by the authority or its agents at the airport or air navigation facility.  In each case the authority may establish the terms and conditions and fix the charges, rentals or fees for the privileges or services, which shall be reasonable and uniform for the same class of privilege or service and which shall be established with due regard to the property and improvements used and the expenses of operation to the authority. In no case shall the public be deprived of its rightful, equal and uniform use of the airport, air navigation facility or portion or facility thereof.      Except as may be limited by the terms and conditions of any grant, loan or agreement authorized by Section 61-3-25, Mississippi Code of 1972, an authority may, by contract, lease or other arrangements, upon a consideration fixed by it, grant to any qualified person for a term not to exceed fifty (50) years, the privilege of operating, as agent of the authority or otherwise, any airport owned or controlled by the authority. However, no person shall be granted any authority to operate an airport other than as a public airport or to enter into any contracts, leases or other arrangements in connection with the operation of the airport which the authority might not have undertaken under subsection (1) of this section.   All airport-related contracts, leases and other arrangements entered into pursuant to this section are deemed to serve a public and governmental purpose as a matter of public necessity; therefore, all airport-related contracts, leases, and other arrangements and all structures, improvements and other facilities erected, installed, constructed or located in connection therewith on an airport or air navigation facility owned or controlled by an authority, or any portion of facility thereof or space therein, shall be free and exempt from all state, county and municipal ad valorem taxes on real property and personal property for so long as may otherwise be lawful, and the charges, rentals and fees received by an authority in connection with airport-related contracts, leases and other arrangements shall be deemed to be in lieu of said taxes.
MS Code § 61-3-23 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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, or contrary to, this chapter, or any act of the congress of the United States or any regulation promulgated or standard established pursuant thereto. The authority shall keep on file at the principal office of the authority for public inspection a copy of all its rules and regulations.
MS Code § 61-3-24 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 regulations, incurred by the airline at the airport by any aircraft operating under the airline's Federal Aviation Administration certificate.   An authority may enforce any lien created herein against a nonresident debtor airline pursuant to the following procedure: a court of appropriate jurisdiction may issue a writ of sequestration, ex parte, against any aircraft operating under the Federal Aviation Administration certificate of the nonresident debtor airline and located at the airport operated by the authority. However, before issuing a writ of sequestration, the court shall find there is prima facie evidence that the nonresident debtor airline is past due on the landing fees or other rates and charges, that the authority has submitted prima facie evidence of exigent circumstances for the issuance of the writ, and that the authority has submitted a corporate surety bond in the amount of one hundred twenty-five percent (125%) of the past-due amount claimed. Upon issuing the writ of sequestration, the court shall grant the nonresident debtor airline an opportunity for an immediate evidentiary hearing to rebut the authority's claim and revoke the writ. The court shall allow the nonresident debtor airline to substitute in place of the sequestered aircraft a corporate surety bond with the court in the amount of one hundred twenty-five percent (125%) of the past-due amount claimed by the authority for the purpose of securing payment.
MS Code § 61-3-25 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 expended by the authority upon such terms and conditions as are prescribed by the United States and as are consistent with state law. All state monies accepted under this section shall be accepted and expended by the authority upon such terms and conditions as are prescribed by the state.   An authority is authorized to designate the Mississippi Transportation Commission as its agent to accept, receive, receipt for, and disburse 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, and an authority is authorized to designate such commission as its agent in contracting for and supervising the planning, acquisition, development, construction, improvement, maintenance, equipment or operation of any airport or other air navigation facility. An authority may enter into an agreement with the commission prescribing the terms and conditions of the agency in accordance with such terms and conditions as are prescribed by the United States, if federal money is involved, and in accordance with the applicable laws of this state. All federal monies accepted under this section by the commission shall be accepted and transferred or expended by such commission upon such terms and conditions as are prescribed by the United States. All monies received by the commission pursuant to this paragraph shall be deposited in the State Treasury, and unless otherwise prescribed by the agency from which such monies were received, shall be kept in separate funds designated according to the purposes for which the monies were made available, and held by the state in trust for such purpose.
MS Code § 61-3-27 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 chapter which are payable, as to principal and interest, solely from revenues of an airport or air navigation facility (and they shall so state on their face) shall not constitute a debt of any municipality, the state, or any political subdivision thereof other than the authority, and shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Neither the commissioners of an authority nor any person executing such bonds shall be liable personally thereon by reason of the issuance thereof, provided the issuance is in compliance with this chapter.   An authority proposing to issue bonds or notes as defined in this chapter of any kind, nature, or description shall have, prior to authorization, issuance, and subsequent validation thereof, secured the legal services of a competent practicing attorney or firm of attorneys. In no instance shall the attorney's fees paid for the issuance or refunding of such bonds exceed the following amounts, to wit:   On all such bond issues the attorney's fees shall not exceed one percent (1%) of the first five hundred thousand dollars ($500,000.00); one-half percent (1/2%) of all over five hundred thousand dollars ($500,000.00) and not more than one million dollars ($1,000,000.00); and one-fourth percent (1/4%) of all amounts in excess of one million dollars ($1,000,000.00).
MS Code § 61-3-29 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 the bondholders deemed necessary by the commissioners to make such bonds secure and marketable, including, but without limitation, covenants regarding the application of the bond proceeds; the pledging, application and securing of the revenues of the authority, the creation and maintenance of reserves; the investment of funds; the issuance of additional bonds; the maintenance of minimum fees, charges and rentals; the operation and maintenance of its airport; insurance and insurance proceeds; accounts and audits; the sale of airport properties; remedies of bondholders; the vesting in a trustee or trustees such powers and rights as may be necessary to secure the bonds and the revenues and funds from which they are payable; the terms and conditions upon which bondholders may exercise their rights and remedies; the replacement of lost, destroyed or mutilated bonds; the definition, consequences and remedies of an event of default; the amendment of such resolution; and the appointment of a receiver in the event of a default.   Upon final enactment, each resolution authorizing bonds shall be published in full.
MS Code § 61-3-31 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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, on or before the date of such publication, were not complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after such publication of the resolution authorizing the bonds, or, as to changes made by an amendatory resolution, within twenty days after such publication of such amendatory resolution, or   Such bonds were authorized in violation of the provisions of the constitution or laws of Mississippi.
MS Code § 61-3-33 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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.
MS Code § 61-3-37 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 promptly after receipt of bids and, if a bid is accepted, a prompt award of the bonds or notes shall be made in writing to the successful bidder.   Bonds and notes shall be awarded to the bidder whose bid specifies the lowest maximum interest cost.   Any premium must be paid in bank funds as a part of the purchase price. Bids shall not contemplate the cancellation of any interest coupon or the waiver of interest or other concession by the bidder as a substitute for bank funds.
MS Code § 61-3-39 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 not later than forty (40) years after its date of issue.
MS Code § 61-3-41 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 the authority. All bonds of the same maturity shall bear the same rate of interest. All interest accruing on such bonds so issued shall be payable semiannually or annually, except that the first interest coupon attached to any such bond may be for any period not exceeding one (1) year.   No interest payment shall be evidenced by more than one (1) coupon and neither cancelled nor supplemental coupons shall be permitted. The lowest interest rate specified for any bonds issued shall not be less than two-thirds (2/3) of the highest interest rate specified for the same bond issue. The interest rate of any one (1) interest coupon shall not exceed the maximum interest rate allowed on such bonds.   Each interest rate specified in any bid must be in multiples of one-eighth of one percent (1/8 of 1%) or in multiples of one-tenth of one percent (1/10 of 1%), and a zero rate of interest cannot be named.   All bonds shall be lithographed, engraved or typewritten, shall be in denominations of not less than Five Thousand Dollars ($5,000.00), shall be registered by the authority, and shall be consecutively numbered in a regular series from one (1) upward. Each such bond shall specify on its face the purpose for which it was issued and the total amount authorized to be issued. The interest to accrue on each bond shall be evidenced by proper coupons to be attached thereto, unless the bonds are fully registered no-coupon bonds.
MS Code § 61-3-43 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 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 shall be a manual signature. Coupons attached to a bond may be executed by the facsimile signature of the financial officer signing the bond.
MS Code § 61-3-45 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-45. Form of bonds and notes; registration

 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 only as provided in the resolution authorizing such bonds.   Notes may be issued in registered form or notes may be issued in form payable to bearer, with interest payable to bearer on presentation for endorsement and, if so issued, shall be subject to complete registration. Interest on notes issued in registered form and interest on bearer notes which have been registered shall be payable to the registered holder.
MS Code § 61-3-47 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-47. Redemption of bonds and notes

 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 such bond or note shall have been validly called for redemption and payment of the principal thereof and of the interest thereon accrued to the date of redemption shall have been tendered or made, interest thereon shall cease. A complete schedule of redemption dates shall be included in the resolution authorizing the bond issue.
MS Code § 61-3-49 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-49. Securing of bond by trust agreement

 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 bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as are reasonable and proper and not in violation of law.   The trust agreement may contain provisions for the issuance of additional bonds under the procedures established by this chapter for any of the purposes authorized by this chapter which shall be secured by the revenues pledged thereunder for such bonds to the extent provided therein.   The trust agreement may include provisions to the effect that, if there is any default in the payment of principal or interest on any of said bonds, any court of competent jurisdiction may appoint a receiver to administer the properties and facilities of the authority described in the trust agreement on behalf of the authority, including authority to sell or make contracts for the sale of any services, facilities or commodities of the authority or to renew such contracts, subject to the approval of the court appointing the said receiver, and with power to provide for the payment of such bonds outstanding, or the payment of operating expenses, and to apply the income and revenues to the payment of the said bonds and interest thereon in accordance with the resolution of the authority authorizing the issuance of such bonds and the said trust agreement. The fee for the services of any corporate trustee shall not exceed the normal charges for acting as paying agent, plus any additional amount or amounts allowed by the court as the reasonable value of services rendered by the corporate trustee.   The powers herein granted may be exercised whether or not a trust agreement is entered into and, if no trust agreement is entered into, such provisions as are above authorized may be set out in the resolution authorizing the bonds.
MS Code § 61-3-51 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-51. Lien on revenues pledged to payment of bonds

 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 all parties asserting claims against the authority, whether by way of tort, contract or otherwise, whether or not such parties may have had notice of such lien. The pledge or trust agreement creating the same need not be filed or recorded except in the official minutes of the authority. The revenues may also be pledged as security for the payment of obligations due providers of credit enhancement with respect to any bonds issued.   The state does hereby covenant with the holders of any such bonds that it will not, while any such bonds shall be outstanding, limit or diminish the right and power of the authority to establish, maintain and collect rates, fees, rentals and other charges pledged to the payment of such bonds, or to fulfill any covenants with respect to rates, fees, rentals and other charges made by the authority with such bondholders.
MS Code § 61-3-53 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-53. Refunding bonds

 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 the provisions of this chapter.   In no case shall any bonds be refunded whereby:   The interest cost to the authority computed on the basis of the interest rates borne by the bonds refunded and by the refunding bonds, will be increased by reason of the refunding; or   The average maturity of the bonds refunded, computed to their stated maturities will be increased by reason of the refunding; or   The time at which bonds may be redeemed is more than twelve (12) months after the date of sale of the refunding bonds;   However, if it can be clearly shown that the refunding is being accomplished to prevent default or to provide flexibility to the authority in the financing of its projects, and if the State Treasurer shall certify that the need to refund an outstanding issue to prevent default or to provide flexibility to the authority in the financing of its projects has been determined by sufficient evidence filed with the State Treasurer, the provisions of subsections (a), (b) and (c) shall not prevent refunding.   It shall not be necessary for the bonds refunded to be surrendered and cancelled simultaneously with the delivery of the refunding bonds, but the proceeds of the sale of the refunding bonds, not used to pay for surrendered and cancelled bonds at the time of refunding, shall be deposited in a trust fund under conditions satisfactory to the authority and the State Treasurer.   If the refunding bonds are being issued to prevent default, the authority may exchange them with bondholders under such rules and regulations as established by the State Treasurer.
MS Code § 61-3-55 (2020)
2020 Mississippi Code|Title 61 - Aviation|Chapter 3 - Airport Authorities|§ 61-3-55. Redemption of bonds and notes

 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.