11-54-60
Section 11-54-60 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project or from requiring any lessee
of a project to pay the cost of completing such project in the event the proceeds from the
sale of the bonds are insufficient therefor. (Acts 1973, No. 812, p....
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11-54-30
Section 11-54-30 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project. (Acts 1951, No. 756, p.
1307, §9.)...
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11-20-11
Section 11-20-11 Counties not to contribute costs of acquisition of projects or county lands
therefor. No county shall have the power to pay out of its general funds or otherwise contribute
any part of the costs of acquiring a project and shall not have the power to use land already
owned by the county or in which the county has an equity for construction thereon of a project
or any part thereof. The entire cost of acquiring any project must be paid out of the proceeds
from the sale of bonds issued under the authority of this article; provided, however, that
this provision shall not be construed to prevent a county from accepting donations of property
to be used as a part of any project or money to be used for defraying any part of the cost
of any project. (Acts 1961, Ex. Sess., No. 178, p. 2147, §9.)...
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11-54-148
Section 11-54-148 No contribution by municipality. No municipality shall have the power to
pay out of its general funds or otherwise contribute any part of the costs of acquiring a
project, and shall not have the power to use land already owned by the municipality, or in
which the municipality has an equity, for construction thereon of a project or any part thereof;
provided, however, that municipal property which is not needed for public or municipal purposes
may be sold for fair market value or leased for fair market rental for a project; such fair
market values to be conclusively determined by the governing body of the municipality owning
such property. The entire cost of acquiring any project must be paid out of the proceeds from
the sale of bonds issued under the authority of this article; provided, however, that this
provision shall not be construed to prevent a municipality from accepting donations of property
to be used as a part of any project or money to be used for defraying...
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23-2-144
Except for the state and any political subdivision thereof, the other entities listed above
may issue bonds for the purpose of financing the costs of any funds or property provided to
the authority of a project. (7) To fix and revise, from time to time, charge, and collect
tolls for transit over or through toll road, bridge, and tunnel projects constructed by it
or on its behalf. (8) To establish rules and regulations for the use of any project. (9) To
acquire, hold, and dispose of real and personal property. (10) To acquire in the name
of the authority, by purchase or otherwise, on the terms and conditions and in a manner as
it may deem proper, or by condemnation in accordance with the provisions of Title 18, and
other provisions of law, insofar as the same may be applicable, any land and other property
or any easement or interest therein, which it may determine is reasonably necessary for any
toll road, bridge, or tunnel project or for its protection and preservation, or for the...

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11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....

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11-97-8
to defend suits against it; (3) To adopt and make use of a corporate seal and to alter the
same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and rules, not inconsistent
with the provisions of this chapter, for the regulation and conduct of its affairs and business;
(5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or otherwise, to
construct and to expand, improve, operate, maintain, equip, and furnish one or more facilities,
including all real and personal properties that its board may deem necessary in connection
therewith, regardless of whether or not any such facility shall then be in existence and,
if in existence, regardless of whether or not any such facility is then owned or leased by
any person to which such facility may subsequently be sold or leased by such corporation;
(6) To borrow money and to sell and issue bonds as hereinafter provided for any corporate
use or purpose; (7) To lease to any person or persons all or any part of...
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37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
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11-54-147
Section 11-54-147 Use of proceeds from sale of bonds; cost of acquiring project. The proceeds
from the sale of any bonds issued under authority of this article shall be applied only for
the purpose for which the bonds were issued; provided, however, that any accrued interest
and premium received in any such sale shall be applied to the payment of the principal of
or the interest on the bonds sold; and provided, further, that if for any reason any portion
of such proceeds shall not be needed for the purpose for which the bonds were issued, then
such unneeded portion of said proceeds shall be applied to the payment of the principal of
or the interest on said bonds. The cost of acquiring any project shall be deemed to include
the following: The actual cost of the construction of any part of a project which may be constructed,
including architect's and engineer's fees; the purchase price of any part of a project that
may be acquired by purchase; all expenses in connection with the...
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