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11-47-2
Section 11-47-2 Borrowing of money authorized - Thirty-year loans. Any incorporated city or
town in this state may borrow money for temporary or any other lawful purpose or use to the
extent of its constitutional debt limit and pay all costs, fees, and commissions agreed upon
in connection with any such loans, and the governing body thereof may, without an election,
issue evidences of indebtedness in the form of interest-bearing warrants, notes, or bills
payable, maturing at such times as such governing body may determine, not exceeding 30 years
from the date of issue, and any such city or town may as security for any such evidences of
indebtedness and, as a part of the contract whereunder any money is borrowed, pledge to the
payment thereof so much as may be necessary therefor of any tax or license or revenues that
such city or town may then be authorized to pledge to the payment of bonded or other indebtedness.
(Acts 1921, Ex. Sess., No. 8, p. 6; Code 1923, ยง2011; Acts 1927, No....
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4-3-80
Section 4-3-80 Authority and procedure. Any incorporated city or town in this state may borrow
money to the extent of its constitutional debt limit for the purpose of providing funds to
enable or assist any airport authority incorporated as a public corporation with the consent
and approval of such city or town to acquire, own and operate any airport, including related
facilities, situated within or without the corporate limits of such city or town or partly
within or without such limits and to pay all costs, fees and commissions agreed upon in connection
with any such loans, and the governing body thereof may, without an election, issue evidences
of its indebtedness in the form of interest-bearing warrants, notes or bills payable, maturing
at such time or times as such governing body may determine, not exceeding 20 years from the
date of issue, and any such city or town may, as security for any such evidences of indebtedness
and as a part of the contract whereunder any money is...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-47-1
Section 11-47-1 Borrowing of money authorized - Twelve-month renewable loans. Cities and towns
shall have the right to borrow money for any purpose or purposes not in excess of any limitation
imposed by the Constitution and, in case of loans for temporary use, the same may be evidenced
either by negotiable notes or by nonnegotiable warrants or certificates of indebtedness which
shall not bear exceeding the legal rate of interest, and no obligation of the municipality
for money borrowed shall be issued unless signed by the mayor and attested by the clerk, with
the seal of the municipality impressed thereon, and a record kept thereof. Any such note,
warrant, or certificate of indebtedness shall be payable not later than 12 months after the
date of its issuance but may be renewed from time to time until the indebtedness evidenced
thereby shall have been paid. License taxes, ad valorem taxes, rents or revenues from water
or any other taxes or revenues due or to become due to a city or town...
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11-88-132
Section 11-88-132 Acquisition, etc., of water system of water and fire protection authority
by city board of water and sewer commissioners - Conveyance of funds in trust for authority's
fire protection system; governing board of authority as trustees; trustees' powers and liabilities.
(a) In the event that the board of water and sewer commissioners of any city ("commissioners")
should acquire, operate, or control by virtue of assignment, conveyance, court order, operation
of law, or otherwise the water system of a water and fire protection authority ("authority"),
then the commissioners shall thereupon convey to the authority the principal sum of $2,000,000
in irrevocable trust for the support and maintenance of the authority's fire protection system.
(b) The trustees of the trust so established shall be the members of the governing board of
the authority, as it may be comprised from time to time, who shall have all powers necessary
to effect the support and maintenance of the...
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11-47-3
Section 11-47-3 Contracts and indebtedness for municipal buildings and public utility systems;
consolidation of systems; ancillary service contracts. (a) The governing body of any city
or town may contract for the construction, reconstruction, extension, or repair of any municipal
building, plant, waterworks system, or electric light and power plant or system or may on
credit employ labor and purchase on credit all materials and supplies needed in such construction,
reconstruction, extension, or repair and may, without an election, issue evidences of indebtedness
in the forms and of the maturities described in Section 11-47-2 to the extent of any indebtedness
incurred in such contract or purchase or construction, reconstruction or extension and may
secure such evidences of indebtedness by mortgage or deed of trust (in such form and with
such provisions as such governing body may determine) on such municipal building, plant, waterworks
system, or electric light and power plant or...
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11-61-2
Section 11-61-2 Authority of towns and cities with respect to parking facilities. Any town
or city in this state is hereby authorized: (1) To plan, establish, develop, acquire, construct,
enlarge, improve, maintain, equip, operate, regulate, and protect parking facilities; (2)
To finance the cost of parking facilities in whole or in part by the issuance of bonds, warrants,
notes, or other evidences of indebtedness maturing at such time or times as the governing
body may determine, not exceeding 30 years from their respective dates; (3) To pledge to the
payment thereof its full faith and credit and any taxes, licenses, or revenues which the town
or city may then be authorized to pledge to the payment of bonded or other indebtedness; (4)
To lease or let parking facilities or any one or more of them to such tenant or tenants, for
such period and such compensation or rental and on such conditions as the governing body may
prescribe; (5) To fix, establish, collect, and alter parking fees,...
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11-50-262
Section 11-50-262 Borrowing of money and issuance of revenue bonds therefor; execution of mortgages,
pledges, etc., as security for indebtedness; provisions in same as to rights of parties thereto,
etc.; sale of gas to municipalities authorized. (a) Any waterworks board shall also have the
power to borrow money and to issue revenue bonds as evidence of any money so borrowed, which
bonds shall be payable solely from the revenues derived from the operation of such gas plant
and system. As security for any money so borrowed, together with interest thereon and any
obligations incurred or assumed, the board shall have the power to mortgage, pledge, or otherwise
transfer and convey its real, personal, and mixed property or any part or parts thereof, whether
then owned or thereafter acquired, including its franchises owned and thereafter acquired
and all or any part of the revenues derived from such plant or system or any part thereof.
The instrument whereunder such mortgage or pledge shall...
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11-55-13
Section 11-55-13 Authority of cities or towns to acquire, etc., and lease facilities to United
States Postal Service; issuance of bonds, etc., to finance acquisitions. Any city or town
in this state (1) May acquire (by construction, purchase or otherwise), improve and equip
land, buildings and other facilities for use by the United States Postal Service; (2) May
lease any such land, buildings or facilities to the United States Postal Service on such terms
and conditions as shall be mutually agreeable to such city or town and the United States Postal
Service; (3) May borrow money for the purpose of financing the costs of any such acquisition,
improvement and equipment; (4) May issue, in evidence of such borrowing, bonds, warrants,
notes or other securities (which such bonds, warrants, notes or other securities shall mature
and come due not later than 30 years from their date but shall otherwise be issued in accordance
with, and shall be subject to, applicable provisions of law); (5) May...
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22-21-53
Section 22-21-53 Powers. (a) Any district or regional hospital association is hereby authorized
and empowered to exercise the following powers in addition to others granted in this article:
(1) To cooperate with the State Board of Health for the purpose of constructing, equipping,
maintaining and operating a hospital by making appropriate application to the State Board
of Health; to enter into a cooperative contract with the State Board of Health for this purpose;
(2) To act as an agent for the State Board of Health under a cooperative contract to prepare,
carry out and operate hospital projects; (3) To provide for the construction, reconstruction,
improvement, alteration or repair of any hospital, or any part thereof; (4) To take over,
by purchase, lease or otherwise, any hospital; (5) To manage, as agent of the State Board
of Health, any hospital constructed or owned by the association; (6) To arrange, with any
appropriate local or state agencies, for the opening or closing of...
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