reglab/housing_qa huggingface dataset:
MS Code § 65-23-313 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-313. Application of bond proceeds

 All moneys received from any bridge revenue bond 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 such bonds or the trustee hereinafter provided in respect of such bonds.
MS Code § 65-23-315 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-315. Trust indenture authorized

 In the discretion of the governing body of any such county or counties issuing 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 county or counties and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the state. Said trust indenture may, in the discretion of the governing body, convey or mortgage the revenues, the bridge, or any part thereof.   Either the resolution providing for the issuance of bridge revenue bonds or such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of such county or counties and the governing body thereof in relation to the construction, maintenance, operation, repair, and insurance of the bridges, and the custody, safeguarding, and application of all moneys; and it may also provide that the bridge or bridges shall be constructed and paid for under the supervision and approval of consulting engineers employed or designated by the governing body of such county or counties and satisfactory to the original purchasers of the bonds issued therefor, and may also require that the security given by contractors and by any depository of the proceeds of the bonds or revenues of the bridges or other moneys pertaining thereto be satisfactory to such purchasers. It shall be lawful for any bank or trust company incorporated under the laws of this state to act as such depository and to furnish such indemnifying bonds or to pledge such securities as may be required by the governing body of such county or counties. Such indenture may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action of bondholders as is customary in trust indentures securing bonds and debentures of corporations. Except as in this article otherwise provided, the governing body of such county or counties may provide, by resolution or by such trust indenture, for the payment of the proceeds of the sale of the bonds and the revenues of the bridges to such officer, board, or depository as it may determine for the custody thereof, and for the method of disbursement thereof with such safeguards and restrictions as it may determine. All expenses incurred in carrying out such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the bridge or bridges affected by such indenture.
MS Code § 65-23-317 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-317. Application of tolls and charges

 The governing body of any such county or counties issuing 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, its approaches, appurtenances, or any part thereof for placing thereon water, gas, oil pipelines, telephone, telegraph, electric light or power lines, railroad or street railway tracks, or for any other purpose, and to fix the terms, conditions, rates, and charges for such use. Such tolls shall be so fixed and adjusted, in respect of the aggregate of tolls from the bridge or bridges for which a single issue of bonds is issued, as to provide a fund sufficient with other revenues of the bridge or bridges, if any, to pay (a) the cost of maintaining, repairing, operating such bridge or bridges, and collecting tolls, and (b) the bonds and the interest thereon as the same become due. Such tolls shall not be subject to supervision or regulation by any state commission, board, bureau, or agency, except such bureau or agency that might participate in the financing of the cost of any such bridge. The tolls from the bridge or bridges for which a single issue of bonds is issued, except such part thereof as may be required to pay the cost of maintaining, repairing, and operating the bridge or bridges and to provide such reserves therefor as may be provided in the resolution authorizing the issuance of the bonds or in the trust indenture, shall be set aside at such regular intervals as may be provided in such resolution or such trust indenture, in a sinking fund which is hereby pledged to, and charged with, the payment of (1) the interest upon such bonds as such interest shall fall due, (2) the principal of the bonds as the same shall fall due, (3) the necessary fiscal agency charges for paying principal and interest, and (4) any premium upon bonds retired by call or purchase as herein provided. The use and disposition of such sinking fund shall be subject to such regulations as may be provided in the resolution authorizing the issuance of bonds, or in the trust indenture, but, except as may otherwise be provided in such resolution or trust indenture, such sinking fund shall be a fund for the benefit of all bonds without distinction or priority of one over another. Subject to the provisions of the resolution authorizing the issuance of bonds or of the trust indenture, any moneys in such sinking fund in excess of an amount equal to one year's interest on all bonds then outstanding may be applied to the purchase or redemption of bonds. All bonds so purchased or redeemed shall forthwith be cancelled and shall not again be issued.
MS Code § 65-23-319 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-319. Bridges toll-free after bonds retired

 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 county or counties issuing such bonds shall cease to charge tolls for the use of such bridge or bridges; and thereafter such bridge or bridges shall be free.
MS Code § 65-23-321 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-321. Enforcement of bondholders' rights

 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 either at law or in equity, by suit, action, mandamus, or other proceeding, protect and enforce any and all rights granted hereunder or under such resolution or trust indenture, and may enforce and compel performance of all duties required by this article or by such resolution or trust indenture, to be performed by the county or counties, its or their governing body, including the fixing, charging, and collecting of tolls for transit over such bridges.
MS Code § 65-23-323 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-323. Grants and preliminary loans

 Any county or counties, acting pursuant to the terms of this article, 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, or state, or state agency, or other political subdivisions, loans or grants for or in the aid of the construction or acquisition of any bridge, and to receive and accept contributions from any source of either money or property or other things of value, to be held, used, and applied only for the purpose for which such grants and contributions may be made.   Authority is hereby granted to any such county or counties to secure loans to finance planning of the bridges herein authorized from any governmental agency, repayable solely from the sale of said revenue bonds.
MS Code § 65-23-325 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-325. Powers and duties of governing bodies of counties issuing bonds

 The governing body of any county or counties issuing its or their 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 and construction experts, inspectors, attorneys, and such other employees as may be deemed necessary, and may fix their compensation. All such compensation and all expenses incurred in carrying out the provisions of this article shall be paid solely from funds provided under the authority of this article, and no liability or obligation shall be incurred hereunder beyond the extent to which money shall have been provided under the authority of this article. All public or private property damaged or destroyed in carrying out the powers granted under this article shall be restored or repaired and placed in its original condition, as nearly as practicable, or adequate compensation made therefor out of funds provided by this article.   The powers and duties of counties and the governing bodies thereof hereinabove enumerated in this article shall not be construed as a limitation on the general powers or duties of such counties or the governing bodies thereof. It shall be the duty of the governing body of any county or counties issuing its bonds pursuant to the provisions of this article, in addition to the powers and duties enumerated in this article, to do and perform any and all things and acts necessary in the construction, maintenance, and operation of any bridge to be constructed under the provisions of this article, to the end that such bridge or bridges may become and be operated free of tolls as early as possible and practicable, subject only to the express limitations of this article and the limitations of the other laws and constitutional provisions applicable thereto.
MS Code § 65-23-327 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-327. Tax exemption

 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 counties constitute public property used for public purposes, such bridges shall at all times be free from taxation within the state. No county shall be required to pay taxes or assessments upon any such bridge or any part thereof owned by it, and bonds issued under the provisions of this article, their transfer, and the income therefrom shall at all times be free from taxation within the state.
MS Code § 65-23-329 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-329. Construction and operation of article

 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 present laws shall remain in force and effect.
MS Code § 65-23-331 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 23 - Bridges; Boundary and Other Waters|Article 7 - Pearl River Bridges|§ 65-23-331. Bonds not limited by issuing county's valuation of taxable property

 Such bonds may be issued for the purpose stated above 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 county.
MS Code § 65-25-1 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 65-25-1. Citation

 This article shall be known, and may be cited, as the "Mississippi River Bridge Revenue Bond Law".
MS Code § 65-25-3 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 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 such county or city has jurisdiction and which are over the Mississippi River; and   To issue bridge revenue bonds of such county or city, payable from bridge earnings, to pay the cost of such bridges.   No revenue bonds and no liens securing such bonds shall be repaid in whole or in part from any funds arising from taxation, nor shall any such bonds or liens given under authority of this article constitute a lien on any other property of a city or county other than the bridge constructed or acquired under this article or a pledge of the credit of such agency unless specifically so voted by a majority of the qualified electors voting in favor of same in an election held according to law for the purpose of so authorizing.
MS Code § 65-25-7 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 65-25-7. Purchase of bridges

 Any municipality is hereby authorized and empowered to acquire by purchase, whenever it shall deem such purchase expedient, any toll bridge located as provided in Section 65-25-3, or any such toll bridge partly constructed, or any franchises, easements, permits, or contracts for the construction of any such bridge, or any such toll bridge or facilities thereof which may be under lease in whole or in part and which may be so acquired subject to the terms of such lease, all upon such terms and at such prices as may be reasonable and can be agreed upon between such municipality and the owner thereof, title thereto to be taken in the name of such municipality. For the purpose of paying the cost of such acquisition, any municipality is hereby authorized and empowered to issue its bridge revenue bonds as hereinafter provided.
MS Code § 65-25-9 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 65-25-9. Condemnation of bridges and property

 Any municipality, whenever a reasonable price cannot be agreed upon, or whenever the owner is legally incapacitated or is absent or is unable to convey valid title or is unknown, is hereby authorized and empowered to acquire by condemnation any such bridge or bridges or interest or interests therein, and any land, rights, easements, franchises, and other property deemed necessary or convenient for the improvement or the efficient operation of any property acquired or constructed under this article, or for the purpose of constructing any bridge or portion thereof hereunder, or for securing right of way leading to any such bridge or its approaches, in the manner hereinafter provided. Such condemnation proceedings shall be instituted by a written application of the governing body of such municipality and shall be conducted, and the compensation to be paid shall be ascertained and paid, in the manner provided by Chapter 33, Title 11, Mississippi Code of 1972, or by the laws of the state where such proceedings may be conducted. And any municipality is further authorized and empowered to exercise in this state and in any adjoining state such powers of eminent domain as may be conferred upon such municipality by any act of the Congress of the United States now in force or which may hereafter be enacted. Title to any property condemned by a municipality shall be taken in its name. No municipality shall be under any obligation to accept and pay for any property condemned or any costs incidental to any condemnation proceedings, and shall, in no event, pay for the same except from the funds provided by this article. In any condemnation proceedings, the court having jurisdiction of the suit, action, or proceedings may make such orders as may be just to such municipality and to the owners of the property to be condemned, and may require an undertaking or other security to secure such owners against any loss or damage to be sustained by reason of the failure of such municipality to accept and pay for the property; but such undertaking or security shall impose no liability upon such municipality, except such as may be paid from the funds provided under the authority of this article.
MS Code § 65-25-11 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - 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 the public, and to cause an estimate of the cost of such improvement to be made. The governing body of the municipality shall authorize such improvements before the sale of any bridge revenue bonds for the acquisition of such bridge, and the cost of such improvements shall be paid for out of the proceeds of such bonds.
MS Code § 65-25-13 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 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 way, franchises, easements, and other interests in lands, including lands under water and riparian rights of any person, copartnership, association, railroad or other corporation, or municipality or political subdivision, deemed necessary for the construction of any such bridge, upon such terms and at such prices as may be considered by it to be reasonable and can be agreed upon between it and the owner thereof, and to take title thereto in the name of such municipality. The State of Mississippi hereby consents to the use of all lands lying under water, which are within the state and are necessary for the construction and operation of any such bridge and the approaches and appurtenances thereto.
MS Code § 65-25-17 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 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 such bonds or the trustee hereinafter provided in respect of such bonds.
MS Code § 65-25-19 (2020)
2020 Mississippi Code|Title 65 - Highways, Bridges and Ferries|Chapter 25 - Mississippi River Bridges|Article 1 - Mississippi River Bridge Revenue Bond Law|§ 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 trust company within or outside of the state, which trust indenture may, in the discretion of the governing body, convey or mortgage the revenues, the bridge, or any part thereof.   Either the resolution providing for the issuance of bridge revenue bonds or such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of such municipality and the governing body thereof in relation to the acquisition, construction, improvement, maintenance, operation, repair, and insurance of the bridges, and the custody, safeguarding, and application of all moneys; and may also provide that the bridge or bridges shall be acquired, constructed, or partly acquired and partly constructed, and paid for under the supervision and approval of consulting engineers employed or designated by the governing body of such municipality and satisfactory to the original purchasers of the bonds issued therefor; and may also require that the security given by contractors and by any depository of the proceeds of the bonds or revenues of the bridges or other moneys pertaining thereto be satisfactory to such purchasers. It shall be lawful for any bank or trust company incorporated under the laws of this state to act as such depository and to furnish such indemnifying bonds or to pledge such securities as may be required by the governing body of such municipality. Such indenture may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action of bondholders as is customary in trust indentures securing bonds and debentures of corporations. Except as in this article otherwise provided, the governing body of such municipality may provide, by resolution or by such trust indenture, for the payment of the proceeds of the sale of the bonds and the revenues of the bridges to such officer, board, or depository as it may determine for the custody thereof and for the method of disbursement thereof, with such safeguards and restrictions as it may determine. All expenses incurred in carrying out such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the bridge or bridges affected by such indenture.