reglab/housing_qa huggingface dataset:
MS Code § 59-5-29 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-29. Increase in membership of county port authority upon issuance of bonds

 Whenever any bonds of the State of Mississippi have been issued as provided in Sections 59-5-23 and 59-5-25, and where the authorized port or harbor agency is a county port authority organized as provided by Sections 59-9-1 through 59-9-85, the membership of such county port authority shall be increased by two members, to be appointed by the governor who shall be qualified electors of the county, and whose term shall be concurrent with that of the appointing governor. One such member shall be appointed by the governor from the county at large, and the other such member shall be appointed from a municipality located on the navigable channel or waterway on which the port facilities are located, but which municipality shall not be the county seat of such county. The two additional members hereby authorized to be appointed to such county port authority shall be vested with all the rights and duties and powers as members thereof, but such appointments shall be made to such county port authority and shall continue only so long as any such state bonds shall be outstanding and unpaid. The members of such county port authority appointed by the governor under the authority of this section shall make bond and qualify as members of such port authority in the same manner provided by law for the other members of such county port authority, and as provided in this chapter.
MS Code § 59-5-31 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-31. Additional powers and authority for certain port commissions and authorities; revenue bonds; tax exemptions

 Any port commission existing under the provisions of Article 3 of Chapter 7 of this title, and any other port commission or port authority now or hereafter constituted by law which has not expressly been granted such powers, may, in addition to all powers now or hereafter vested in it by law, exercise all powers and authority granted to county port authorities or county development commissions under Sections 59-9-15 through 59-9-35, which sections are hereby incorporated herein by reference, and may in addition to such powers acquire, own, operate and maintain gas, electric, water, sewerage or other public utility systems or pipelines and easements necessary thereto. In the event that a joint agreement cannot be consummated jointly with the board as provided in this chapter, the boards of supervisors of any county, or the governing authority of any municipality, or both acting jointly, may issue revenue bonds of such county or municipality, or both, acting jointly, as provided by section 59-7-311. Such revenue bonds may be issued without an election on resolution of the board of supervisors, governing body of the municipality, or both acting jointly, and shall not be subject to any limitation as to amount, and shall not be included or computed in the statutory limitation of indebtedness of any such county or municipality.   All leases executed by such port commissions or port authorities for port, harbor, commercial or industrial improvements, and all structures and all improvements and other permanent facilities erected, installed or located by such lessees, or their successors or assignees within the limits of any port, harbor or part thereof, may be free and exempt from all state, county and municipal ad valorem taxes if so stipulated in such lease, and for such period as may be fixed in such lease, not to exceed such periods of time as are now authorized or may be hereafter authorized by law.
MS Code § 59-5-33 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-33. State ports fund; joint activities or employment of personnel

 The agreement between the board and the city, county or other authorized port or harbor 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 separate state fund in the state treasury, to be known as the state ports fund. Such fund shall be used by the board for the promotion, development, construction, improvement, expansion, maintenance, advertising, and general advancement of the state harbors, ports, rivers, channels, and waterways and may be expended on requisition of the board for such purposes and such other purposes as in the opinion of the board is to the best interest of the ports, harbors, and waterways of this state. The salaries of all officers, employees, or agents of the board, performing duties required by this chapter, and all other expenses incidental to the port, harbor, or waterway operation of the board shall be fixed by the board and payable out of said fund. The board may contract with one or more state port authorities, or any city, county or other authorized port or harbor agency for any joint activity or for the joint employment of personnel with the expense of the activity or salary of such personnel to be paid by the board from operational funds provided by the contracting parties.
MS Code § 59-5-35 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-35. Setting aside or leasing of lands, docks, warehouses, etc.; exemption from certain ad valorem taxes

 The board, acting jointly with the state 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 or private, for port, harbor, commercial or industrial purposes for a period not to exceed ninety-nine years, or to execute a conveyance of sale, except as otherwise limited by law, on such terms and conditions and with such safeguards as would best promote and protect the public interest. Any industrial lease of lands may be executed upon such terms and conditions and for such monetary rental or other consideration as may be found adequate and approved by the board in orders or resolutions authorizing the same. Any covenants and agreements of the lessee to make expenditures in determined amounts, and within such time or times, for improvements to be erected upon the land, by such lessee and to conduct thereon industrial and/or other operations in such aggregate payroll amounts and for such period of time as may be determined and defined in such lease, and to give preference in employment where practical to residents of the State of Mississippi, and to qualified residents of the city and of the county in which such port or harbor is located, shall if included in such lease constitute and be deemed sufficient consideration for the execution of any such lease in the absence of monetary rental or other considerations; and such instrument may contain reasonable provisions giving the lessee the right to remove its or his improvements upon the termination of the lease. All leases theretofore made by any port commission, port authority, or other public agency authorized by law to execute leases for port, harbor, commercial or industrial improvements, which leases are now in effect or which may be hereafter executed by any such public agency or by the board, and all structures and all improvements and other permanent facilities erected, installed or located by such lessees or their successors or assignees within the limits of any port, harbor or part thereof, may be free and exempt from all state, county, and municipal ad valorem taxes if so stipulated in such lease, and for such period as may be fixed in such lease.
MS Code § 59-5-39 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-39. Acquisition of rights of way, land, etc.

 For the acquiring of rights-of-way, land and property including existing easements, restrictive covenants and reversionary estates necessary for the purposes 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 manner provided by the general laws of the State of Mississippi for procedure by any county, municipality or corporation organized under the laws of this state, or in any other manner provided by law. The power of eminent domain shall apply not only as to all property of private persons or corporations, but also as to property already devoted to public use including leaseholds, excepting interests in property owned by levee boards, drainage districts, or other flood control agencies. However, the board shall have no authority to acquire without the consent of the owner thereof any property operated and used for port, harbor or industrial purposes or such purposes as the board is authorized to acquire and use property for, unless an actual necessity therefor be alleged and proven. The board is authorized to accept donations of lands, rights therein, monies and materials required for the maintenance or development of any port or harbor. The board may exchange any property or properties acquired under the authority of this chapter for other property or properties usable in carrying out the powers hereby conferred, and also remove from lands needed for its purposes and reconstruct on other locations, buildings, utilities, terminals, railroads or other structures upon the payment of just compensation, if it is necessary so to do in order to carry out any of its plans for port development. The title to all land or property acquired under the authority of this chapter shall vest in the State of Mississippi. Nothing contained in this section shall be construed to authorize the taking by eminent domain of any private property except for necessary public use.
MS Code § 59-5-43 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-43. Negotiability of bonds; exemption from taxation

 All bonds and interest coupons issued under the provisions of this chapter 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 this chapter, the board and/or state bond commission 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 § 59-5-45 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-45. Manner and price of sale of bonds; interest; maturity and redemption

 The State Bond Commission shall sell such bonds at public sale or private sale, and for such price as it may determine to be for the best interest of the State of Mississippi, but no sale shall be made at a price of less than ninety-eight percent (98%) of par, plus accrued interest. However, the One Hundred Thirty Million Dollars ($130,000,000.00) additional bonds herein authorized shall mature annually, with all maturities not longer than twenty-five (25) years, and may be sold for a price of not less than ninety-eight percent (98%) of par, plus accrued interest, to date of delivery of the bonds to the purchaser. All bonds shall bear interest at such rate or rates not exceeding that allowed in Section 75-17-101, Mississippi Code of 1972. All interest accruing on such bonds so issued shall be payable semiannually or annually.   No interest payment due on any bond shall be evidenced by more than one (1) coupon and supplemental coupons will not be permitted.   Notice of the public sale of any such bonds shall be published at least two (2) times, the first of which shall be made not less than ten (10) days prior to the date of sale, and shall be so published in one or more newspapers having a general circulation in the City of Jackson and in one or more other newspapers or financial journals with a large national circulation, to be selected by the State Bond Commission.   The State Bond Commission, when issuing any bonds under the authority of this chapter, shall provide that bonds maturing eleven (11) or more years after the date of the issuance of such bonds may, at the option of the State of Mississippi, be called in for payment and redemption at the call price named therein and accrued interest, or on the tenth anniversary of the date of issue, or on any interest payment date thereafter prior to maturity.
MS Code § 59-5-47 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-47. Disposition of proceeds of bonds

 The proceeds of bonds issued under authority of this chapter shall be paid into a special fund or funds in banks qualified to act as depositories for the city or county in which the port or harbor is located, allocated in such equitable manner as the board may determine and such depositories shall qualify as such by depositing bonds or other securities authorized by law to secure deposits in state depositories. The proceeds of such bonds shall be used solely for payment of the cost of the planned development and the redeeming of any outstanding bonds and shall be disbursed upon order of the board with such restrictions, 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 planned development, and the redeeming of any outstanding bonds, unless otherwise provided in the resolution authorizing the issuance of the 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 § 59-5-49 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-49. Validation of bonds

 Such bonds as are authorized by 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 commission, be validated in the chancery court of Hinds County, Mississippi, in the 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. The necessary papers for such validation proceedings shall be transmitted to the state bond attorney by the attorney general, and the required notice shall be published in a newspaper published in the City of Jackson, Mississippi, and in a newspaper of general circulation published in the city or county where the planned development is located.
MS Code § 59-5-53 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-53. Withdrawals of bond proceeds from special fund

 The funds which are transferred from the sale of bonds under this chapter to the special fund in the qualified depositories set up for each separate port, harbor, or part thereof may be withdrawn only in the following manner: said funds shall be paid by such qualified depositories upon warrants issued by the state auditor of public accounts, which warrants shall be issued upon requisition of the board or state port authority. All expenditures ordered by the board or state port authority shall be entered upon their minutes, and the board and each state port authority shall submit a full report of their work and all the transactions carried on by them, and a complete statement of all their revenues and expenditures to the legislature at each regular session of the legislature.
MS Code § 59-5-55 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-55. Use of net revenues, rents, and earnings from state owned ports

 All net revenues, rents, and earnings from the operation or maintenance of any state owned port or harbor, or any part thereof, shall be set aside by the board exclusively for the payment of any bonds issued by the state for such port or harbor, or any part thereof, and shall not be commingled with the funds of any other state port or harbor, or any part thereof, but shall be expended by the board exclusively for the payment of such bonds as provided in Section 59-5-51, and if no such bonds shall be outstanding, then by the state port authority for the improvement, operation, advancement, development, maintenance and advertising of the port to which such funds have accrued.
MS Code § 59-5-57 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-57. Payment of county's share of state ad valorem taxes for harbor purposes to state port authority

 In the event of state ownership of any port or harbor, in its entirety, in any county which may now or hereafter be authorized by law to receive a portion of the state ad valorem tax for port or harbor purposes, such portion of the state ad valorem tax shall be paid to the state port authority and shall be used for the improvement, development, operation and expansion of such port under the provision of this chapter, and the port fund of such county to which such ad valorem tax is paid shall be subject to the requisition of the state port authority.
MS Code § 59-5-59 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-59. Allocation of revenues, rents and earnings to payment of bonds; sinking fund

 The net revenues, rents, and earnings derived from any planned development or the net revenues, rents, and earnings received by the board produced by a state port, harbor, or part thereof, for which bonds have been issued, shall be pledged and allocated by the board to the payment of the principal of and interest on the bonds issued for such planned development as the resolution authorizing the issuance of the bonds may provide, and such pledge may include funds received from one or more or all sources available to such planned development and shall be set aside at regular intervals into a sinking fund, which sinking fund shall be pledged to and charged with the payment of:   The interest upon such bonds as such interest shall accrue.   The principal of the bonds when due, or when declared to be due, as prescribed by the resolution authorizing the bonds.   The necessary charges of the paying agent or paying agents for paying principal and interest of and on such bonds.   Any premium on bonds retired by call or purchase as may be provided therein.   Net revenues shall be defined in the agreement between the board and the city or county, or other authorized port or harbor agency, as provided in Sections 59-5-17 and 59-5-19.   The use and disposition of such sinking fund shall be subject to such regulations as may be provided in the resolution authorizing any issue of bonds, but except as may otherwise be provided in such resolution such sinking fund shall be a fund for the benefit of all bonds issued under such resolution, without distinction or priority of one over the other. Subject to the provisions of the resolution authorizing the issuance of the bonds, surplus moneys in the sinking fund may be applied to the purchase or redemption of any of such bonds, and any such bonds so purchased or redeemed shall forthwith be cancelled and shall not again be issued.
MS Code § 59-5-61 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-61. Refunding bonds

 The board is authorized to provide by resolution for the issuance of refunding bonds by the state bond commission for the purpose of refunding any bonds issued under the provisions of this chapter and then outstanding, together with interest thereon to the date of such refunding bonds, and redemption premium thereon, if any. The issuance of such refunding bonds, the maturity, and all other details thereof, the rights of the holders thereof and the duties of the board and state port authority in respect thereto shall be governed by the provisions of this chapter in so far as the same may be applicable.
MS Code § 59-5-63 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-63. Bonds as legal investments and securities for deposits of public funds

 All bonds issued under the provisions of this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies, the board of trustees of the public employees' retirement system, and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
MS Code § 59-5-65 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-65. Representation of Sate Bond Commission by Attorney General; payment of costs of sale, issuance and delivery of bonds

 Except as otherwise authorized in Section 7-5-39, the Attorney General of the State of Mississippi shall represent the State Bond Commission in issuing, selling and validating bonds herein provided for. The State Bond Commission is hereby authorized and empowered to pay the costs that are incident to the sale, issuance and delivery of the bonds herein provided for, and such costs may be paid for out of the proceeds derived from the sale of such bonds.
MS Code § 59-5-67 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-67. Annual audit of state port authorities

 The books and accounts of all state port authorities shall be audited at the end of each fiscal year by the state auditor. A copy of the audit shall be filed with the governor, the state auditor, the state fiscal management board, legislative budget office and the Mississippi Board of Economic Development, and a copy shall be kept on file in the office of the particular state port authority so audited.
MS Code § 59-5-69 (2020)
2020 Mississippi Code|Title 59 - Ports, Harbors, Landings and Watercraft|Chapter 5 - State Ports and Harbors|§ 59-5-69. Annual budget of state port authorities

 Each state port shall adopt a complete, detailed and itemized budget for each fiscal year and all expenditures shall be made only pursuant to appropriation approved by the legislature and as provided by law.