reglab/housing_qa huggingface dataset:
MS Code § 59-9-41 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-41. Revenue bonds

 In addition to the authority conferred by Section 59-9-37, the board of supervisors of such county is further authorized, in its discretion, to issue revenue bonds of such county to provide funds for any purpose or purposes set out in this chapter or in Section 59-5-31. Such revenue bonds may be issued upon compliance with Section 59-9-51, and shall not be subject to any limitation as to amount, and shall not be included or computed in the statutory limitations of indebtedness of any such county. Such bonds shall bear date or dates, be in such denomination or denominations, bear interest at such rate or rates, provided that the bonds of any issue shall not bear a greater overall maximum interest rate to maturity than that allowed in Section 75-17-103, be payable at such place or places within or without the State of Mississippi, shall mature at such time or times and upon such terms, with or without premium, shall bear such registration privileges and shall be substantially in such form, all as shall be determined by resolution of the board of supervisors of such county. Such bonds shall mature in annual installments beginning not more than five (5) years from date thereof and extending not more than thirty-five (35) years from date thereof. Such bonds shall be signed by the president of the board of supervisors of such county, and the official seal of the county shall be affixed thereto, attested by the clerk of the board of supervisors of such county. The interest coupons, if any, to be attached to such bonds may be executed by the facsimile signatures of said officers. Whenever any such bonds shall have been signed by the officers herein designated to sign the bonds who were in office at the time of such signing but who may have ceased to be such officers prior to the sale and delivery of such bonds, or who may not have been in office on the date such bonds may bear, the signatures of such officers upon such bonds and coupons shall nevertheless be valid and sufficient for all purposes and have the same effect as if the person so officially signing such bonds had remained in office until the delivery of the same to the purchaser or had been in office on the date such bonds may bear.   The revenue bonds issued under the provisions of this section shall be payable solely out of the revenues to accrue from the operation of such project development, improvement or utility systems, and the full faith and credit of the county shall not be pledged therefor, nor shall any ad valorem tax be levied therefor.
MS Code § 59-9-43 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-43. Sale and disposition of proceeds of bonds issued under §§ 59-9-37 and 59-9-41

 The board of supervisors of a county issuing bonds under Sections 59-9-37 and 59-9-41 shall sell such bonds in such manner and for such price as it may determine to be for the best interest of said county, but no such sale (other than revenue bonds) shall be made at a price less than par plus accrued interest to date of delivery of the bonds to the purchaser. Notice of the sale of any such bonds (other than revenue bonds) shall be published at least one (1) time not less than ten (10) days prior to the date of sale and shall be published in a newspaper published in and having general circulation within such county.   The proceeds of such bonds shall be paid into a special fund or funds in banks qualified to act as depositories for such county. The proceeds of such bonds shall be solely for the purposes for which they were issued, and the redeeming of any outstanding bonds, and shall be disbursed upon order of the board of supervisors of such county, with such restriction, if any, as the resolution authorizing the issuance of the bonds may provide. If the proceeds of such bonds, by error of calculation or otherwise, shall be less than the cost of the purpose for which they were issued, and the redeeming of any outstanding bonds, unless otherwise provided in the resolution authorizing the issuance of such bonds, additional bonds may in like manner be issued to provide the amount of such deficit which, unless otherwise provided in the resolution authorizing the issuance of bonds, shall be deemed to be of the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued for the same purpose. If the proceeds of the bonds of any issue shall exceed the amount required for the purpose for which the bonds were issued, the surplus shall be paid into the fund established for the payment of the principal of and the interest on such bonds.
MS Code § 59-9-45 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-45. Negotiability and taxation of bonds issued under §§ 59-3-37 and 59-9-41

 Any bonds, interest coupons, interim certificates or other obligations issued under the provisions of Sections 59-9-37 and 59-9-41 shall have all the qualities and incidents of negotiable instruments under the provisions of the Mississippi Uniform Commercial Code, provided that it shall not be necessary to file any financing statements or continuation statements to perfect or protect the security of the holders of such bonds or to give notice to third parties of the existence of such security. Such bonds and income therefrom shall be exempt from all taxation within the State of Mississippi.
MS Code § 59-9-47 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-47. Proceedings for issuance and validation of bonds issued under §§ 59-9-37 and 59-9-41

 Bonds authorized under the authority of Sections 59-9-37 and 59-9-41 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 board of supervisors of such county, be validated in the chancery court of such county in a manner and with the force and effect provided now or hereafter by Sections 31-13-1 through 31-13-11, Mississippi Code of 1972, for the validation of county, municipal, school district and other bonds.
MS Code § 59-9-49 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-49. Levy of ad valorem tax for operating fund

 In addition and supplemental to the rights, duties and powers now or hereafter conferred by law upon counties having created a county port authority or county development commission, the board of supervisors of any such county, at the request of the county port authority or the county development commission, is authorized and empowered, in its discretion, to levy an ad valorem tax, not to exceed two mills on the dollar of assessed valuation of the taxable property of such county, to provide an operating fund for such county port authority or county development commission.
MS Code § 59-9-53 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-53. Pledge of county credit and resources for payment of bonds; issuance of revenue bonds

 Such bonds, as are provided for in Section 59-9-37, shall be general obligations of the county, and for the payment of such bonds and the interest thereon, the full faith, credit and resources of such county shall be and are hereby irrevocably pledged, and it shall be the mandatory duty of the board of supervisors of such county annually to levy upon all taxable property within such county an ad valorem tax sufficient to provide for the payment of such bonds as they mature and the interest thereon as it accrues, and the proceeds of such tax levy shall be used for no other purpose. In its discretion, such board of supervisors may also pledge for the payment of such bonds and interest thereon the revenues from facilities operated by the county port authority or county development commission, and any surplus revenues accruing to such county under and by virtue of Sections 65-33-45 and 65-33-47, Mississippi Code of 1972, and not theretofore pledged or hypothecated, and any other surplus funds available to such county from any other source, and not theretofore pledged or hypothecated. The board of supervisors of such county is further authorized, in its discretion, to issue revenue bonds of such county to provide funds for any purpose or purposes set out in this chapter, in the same manner as provided in Section 59-9-57 for the issuance of joint county and municipal revenue bonds, except that the board of supervisors of such county shall be authorized to issue such revenue bonds without the necessity of joint or concurrent action by any municipality, or the necessity of a separate election in such municipality, and such revenue bonds may be secured, in the discretion of the board of supervisors of such county, as provided in the preceding sentence hereof.
MS Code § 59-9-55 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-55. Investment of proceeds of bonds

 Any county which has heretofore issued bonds pursuant to this chapter, is hereby authorized to invest the proceeds of such bonds not needed for immediate use in bonds, notes or other evidences of indebtedness of the United States, but such investments shall not be made except upon the approval of the development commission or port authority.
MS Code § 59-9-59 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-59. Joint bond issue; tax levy; collection and disposition of taxes

 Where the issuance of bonds has been authorized as provided by Section 59-9-57, and so long as any of such bonds shall be outstanding the board of supervisors of such county, and the governing authorities of the municipality wherein the port of entry is located in such county, are authorized to levy and collect an ad valorem tax not to exceed two mills, for the joint development, construction, maintenance, repair, or operation of harbor and port facilities authorized by this chapter, which levy shall be collected by the tax collector of such county and the tax collector of the municipality, and shall be deposited into a fund to be designated "the county port fund" and into "the municipal port fund", respectively, and which sums shall be disbursed on the requisition of the county port authority, or the port commission of the municipality, as the case may be, and which funds may also be pledged and used for the payment of bonds issued hereunder.   All taxes collected for the payment of principal of and interest on bonds issued hereunder, shall be credited to a special fund in the county and municipal treasuries of such county and municipality and to be known and designated as the "port bonds interest and sinking fund", and all sums credited to said fund shall be used to pay such bonds as they mature and the interest thereon as it accrues and for no other purpose. It shall be the mandatory duty of such board of supervisors and governing authorities of the municipality to transfer funds from said port funds to the port bonds interest and sinking fund in amounts sufficient to pay maturing principal and accruing interest on bonds issued hereunder. To the extent that funds are thus made available for the payment of such bonds and the interest thereon, the special tax levy herein provided for may be correspondingly reduced.
MS Code § 59-9-61 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-61. Joint bond issue; control of facilities; collection and disposition of revenues

 All improvements and facilities constructed pursuant to the joint issuance of bonds by any county and municipality under the authority of Sections 59-9-57 and 59-9-59, shall be maintained and operated under the control of the county port authority and of the port commission. The county port authority and port commission shall, subject to and in accordance with any agreement or agreements as may be made by any such county and municipality with the purchaser or purchasers of bonds or other obligations issued pursuant to this chapter, prescribe, levy, and collect all rents, fees, tolls, revenues and other charges in connection with the use and occupancy of the aforesaid improvements and facilities, and shall pay over all net revenues derived from the operation of such improvements and facilities to any trustee, or successor thereto, established as hereinafter in this chapter provided. Net revenues shall be deemed to be such as may be defined in any agreement or agreements entered into between any such county and municipality and the purchaser or purchasers of any bonds or other obligations issued pursuant to the aforesaid sections.
MS Code § 59-9-63 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-63. Joint bond issue; powers and duties of counties and municipalities

 In connection with the issuance of bonds or other obligations by any county and municipality jointly pursuant to this chapter, such county and municipality, acting jointly, shall have the powers and duties conferred by Sections 59-7-321 and 59-7-323, and all such powers and duties shall apply to and shall be exercised jointly by such county and municipality.
MS Code § 59-9-67 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-67. Reclamation of submerged lands and tidelands; conveyance of lands by state; lease or sale of lands and facilities by county

  For the purposes set out in subsection (1) of Section 59-9-65, the board of supervisors of such county, acting by and through the county port authority, and with the supervision and approval of the Mississippi Agricultural and Industrial Board, shall have the power to dredge, fill in and reclaim submerged lands and tidelands belonging to the State of Mississippi; and the state land commissioner, with the approval of the attorney general and the governor, is hereby authorized and empowered to convey such reclaimed submerged lands and tidelands to such county and to issue the state's patent therefor, but all oil, gas and other minerals in, on or under said lands are hereby specifically reserved unto the State of Mississippi. Such county, acting through its county port authority, shall have the further power to develop and utilize such lands for any of such purposes, provided, however, that no normal or natural channel shall be obstructed so as to interfere with the normal navigation therein.   The board of supervisors of such county, acting jointly with the county port authority, and with the approval of the Mississippi Agricultural and Industrial Board, shall have the power to lease such lands, for a term not in excess of ninety-nine years from the date of such lease, or to sell or otherwise dispose of such land to the State of Mississippi, or to individuals, firms or corporations, public or private, for industrial operations, on such terms and conditions and with such safeguards as will best promote and protect the public interest, and they are hereby authorized to transfer possession and/or title to any part or all of such lands by deed, lease, contract, or other customary business instrument.   Any facilities constructed or acquired for use on such lands under the provisions of Section 59-5-11, including, but not limited to machinery or equipment, may be leased for a term not in excess of ninety-nine years from the date of such lease, or sold, or otherwise disposed of to the State of Mississippi or to individuals, firms or corporations, public or private, for industrial operations, on such terms and conditions, with such safeguards as will best promote and protect the public interest, and subject to the limitations set out in Section 59-5-11, and the board of supervisors of such county, acting jointly with the county port authority, and with the approval of the Mississippi Agricultural and Industrial Board, is authorized to transfer possession and/or title to any part, or all of such facilities, machinery or equipment by deed, lease, contract, or other customary business instrument.
MS Code § 59-9-69 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-69. Additional general obligation bonds

 In addition to the authority set out in subsection (1) of Section 59-9-65, the board of supervisors of such county may issue general obligation bonds of such county in the additional maximum principal amount of five million dollars ($5,000,000.00), to provide funds for any purposes authorized by Sections 59-9-17 through 59-9-23. Such bonds shall be issued as provided in subsections (2), (3), (4) and (5) of Section 59-9-65, Section 59-9-73, and subsection (2) of Section 59-9-75.
MS Code § 59-9-71 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-71. Dredging and site preparation; fund

  The Mississippi Agricultural and Industrial Board shall assist and supervise the dredging of channel and harbor and preparation of site for the construction of ships, vessels, shipyards, shipbuilding facilities, machinery and equipment, dredges, floating drydocks, graving docks, marine railways, tug boats, or any other facilities required or incidental to the construction, outfitting, drydocking or repair of ships or vessels as contemplated by Sections 59-9-65 and 59-9-67. All sums of money received or obtained by the agricultural and industrial board under the provisions of Sections 59-9-65 through 59-9-75, by appropriation or otherwise, shall be paid into the state treasury and shall constitute a fund to be known as the "agricultural and industrial dredging and site preparation fund." All expenditures shall be paid therefrom by the state treasurer on warrant of the auditor of public accounts; and said auditor shall issue his warrant upon requisition signed by the director and the secretary of the agricultural and industrial board.   To the extent that funds may be available, the agricultural and industrial board shall join with any board of supervisors acting under authority of subsection (1) of Section 59-9-65 in contracting for the work contemplated by said Sections 59-9-65 and 59-9-67, and shall pay from the "agricultural and industrial dredging and site preparation fund" eighty per cent (80%) of the cost of any such project not to exceed four million dollars ($4,000,000.00) for any one county board of supervisors. The agricultural and industrial board shall require such safeguards and controls for the proper accomplishment of such projects as shall be deemed appropriate. However, the said agricultural and industrial board shall observe all procedures, regulations and requirements of law with regard to public contracts and the letting thereof under the B.A.W.I. acts.   If the program provided by Sections 59-9-65 through 59-9-75 is terminated or discontinued for any reason in the future, all moneys in the "agricultural and industrial dredging and site preparation fund," after payment of any outstanding costs in connection with any project undertaken, shall be transferred to the general fund of the state treasury on written certification of the director of the agricultural and industrial board that this program has been discontinued or terminated by said agricultural and industrial board, citing the statutory authority therefor.
MS Code § 59-9-73 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-73. Negotiability and taxation of bonds issued under Sections 59-9-65 through 59-9-75

 All bonds and interest coupons issued under the provisions of Sections 59-9-65 through 59-9-75 shall be and are hereby declared to have all the qualities and incidents of negotiable instruments under the provisions of the Mississippi Uniform Commercial Code and in exercising the powers granted by said sections, the board shall not be required to and need not comply with the provisions of the Uniform Commercial Code. Such bonds and income therefrom shall be exempt from all taxation within the State of Mississippi.
MS Code § 59-9-75 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-75. Proceedings for issuance and validation of bonds issued under Sections 59-9-65 through 59-9-75; applicability of debt limitations

  Sections 59-9-65 through 59-9-75, without reference to any other statute, shall be deemed to be full and complete authority for the issuance of such bonds by such county, and no proceedings shall be required for the issuance of such bonds other than those provided for and required herein, and the limitations of Sections 59-9-37 through 59-9-49, shall not be applicable to the bonds issued under the provisions of Sections 59-9-65 through 59-9-75 nor shall such bonds be included or computed in the statutory limitations of indebtedness of any such county, and all the necessary powers to be exercised by the board of supervisors of such county in order to carry out the provisions of Sections 59-9-65 through 59-9-75, are hereby conferred.   The bonds authorized under the authority of Sections 59-9-65 through 59-9-75 may, in the discretion of the board of supervisors of such county, be validated in the chancery court of such county in a manner and with the force and effect provided now or hereafter by Sections 31-13-1 through 31-13-11, Mississippi Code of 1972, for the validation of county, municipal, school district and other bonds.
MS Code § 59-9-77 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-77. Construction of chapter

 This chapter, without reference to any other statute, shall be deemed full and complete authority for the issuance and sale of bonds as herein provided, and shall be construed as additional and alternative methods therefor, and none of the present restrictions, requirements, conditions, or limitations of law shall be applicable to the issuance and sale of bonds under this chapter, except as herein otherwise expressly limited, and no proceedings shall be required for the issuance of such bonds other than those provided for and required herein, and all powers necessary to be exercised by the board of supervisors of such county, and by the governing authorities of the municipality in which the port of entry is located in such county, in order to carry out the provisions of this chapter, are hereby conferred.
MS Code § 59-9-79 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 9 - County Port Authority or Development Commission|§ 59-9-79. Validation of bonds

 Except as otherwise specifically provided in this chapter, the bonds issued under this chapter may, in the discretion of the board of supervisors, or the board of supervisors and the governing authorities of the municipality in which the port of entry is located in such county, be validated under Sections 31-13-1 through 31-13-11, Mississippi Code of 1972.