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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4-3-47
Section 4-3-47 Powers of authority generally. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business; (5) To acquire, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
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45-46-90.06
Section 45-46-90.06 Powers of the authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time which may be perpetuity,
subject to Section 45-46-90.18, specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions, excepting actions in tort, and 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 and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed. (6) To make, enter into,
and execute such contracts, agreements, leases, and other instruments and to take such other
actions as may be necessary or convenient to accomplish any...
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11-92B-10
Section 11-92B-10 Powers and duties of authority. An authority shall have the following powers
and duties together with all powers and duties incidental thereto or necessary to the discharge
thereof: (1) To sue or be sued and to prosecute and defend in any court of competent jurisdiction.
(2) To adopt and to use a corporate seal and to alter the seal at pleasure. (3) To adopt and
alter bylaws for the regulation and conduct of its affairs and business. (4) With respect
to property within the operational area of the authority, to acquire, receive, and take title
to by purchase, gift, lease, devise, or otherwise, to hold, keep, improve, maintain, and impose
restrictive covenants and land use controls, to engage in environmental remediation and restoration
efforts as required under applicable agreements with the United States Department of Defense,
to equip, furnish, develop, and to transfer, convey, donate, sell, lease, grant options to,
assign, encumber with easements and mortgages and...
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41-10-32
Section 41-10-32 Dissolution of authority; title to property of authority to vest in state
upon dissolution of authority. At any time when no bonds of the authority are outstanding,
the authority may be dissolved upon the filing with the Secretary of State of an application
for dissolution, which shall be subscribed by each of the members of the authority and sworn
to by each such member before an officer authorized to take acknowledgments to deeds. Upon
the filing of such application for dissolution, the authority shall cease to exist. The Secretary
of State shall file and record the application for dissolution in an appropriate book of record
in his office and shall make and issue, under the Great Seal of the State, a certificate that
the authority is dissolved and shall record such certificate with the application for dissolution.
Title to all property held in the name of the authority shall be vested in the state upon
dissolution of the authority. (Acts 1965, No. 662, p. 1187,...
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11-86A-21
Section 11-86A-21 Dissolution of authority; title to property of authority to vest in county
of incorporation upon dissolution of authority unless otherwise provided. (a) At any time
when no bonds of an authority are outstanding, the authority may be dissolved by the adoption
of a resolution by the board of directors recommending dissolution and by the approval of
the dissolution by the governing body of the county of incorporation and each participating
municipality and the adoption of a resolution to the effect that the county and each participating
municipality concur. The resolution need not be published or posted and need not be offered
for more than one reading. Upon the dissolution the chair and secretary of the dissolved authority
shall execute articles of dissolution reciting that the resolutions have been adopted and
that the authority has been dissolved. The articles of dissolution shall be filed with the
probate judge, who shall record the dissolution. (b) Upon dissolution...
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11-50-532
Section 11-50-532 Dissolution. When all obligations incurred by the corporation and all bonds
issued by it shall have been paid in full or provision for payment thereof shall have been
made by appropriate, segregation and deposit of funds sufficient for such purposes, then and
in such event the corporation may be dissolved by resolution adopted by vote of a majority
of the board, which resolution shall set out the plan of dissolution and shall designate three
directors who shall act as trustees in dissolution of the corporation. A copy of such resolution,
duly certified by the secretary of the corporation under its seal, shall be filed with the
Secretary of State, and, if it shows compliance with the foregoing requirements, it shall
be recorded by the Secretary of State with the certificate of incorporation. Upon such filing
and recording the corporation shall thereupon stand dissolved, and the trustees in dissolution
named in such resolution shall thereupon proceed to wind up the...
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11-54-189
Section 11-54-189 Dissolution of authority and vesting of title to property in authorizing
municipality. At any time when an authority has no bonds or other obligations outstanding,
its board may adopt a resolution, which shall be duly entered upon its minutes, declaring
that the authority shall be dissolved. Upon filing for record of a certified copy of the said
resolution in the office of the judge of probate of the county with which the authority's
certificate of incorporation is filed, the authority shall thereupon stand dissolved and in
the event it owned any property at the time of its dissolution, the title to all its properties
shall thereupon pass to the authorizing municipality. (Acts 1980, No. 80-648, p. 1235, §20.)...

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11-92C-20
Section 11-92C-20 Dissolution of authority and vesting of title to property. At any time when
an authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the resolution in the office of the judge of
probate of the county in which the authority was formed pursuant to Section 11-92C-4, the
authority shall stand dissolved and in the event it owned any property at the time of its
dissolution, the title to all its properties shall thereupon pass to the authorizing subdivision
or private user as required by any agreement with any private user. (Act 2020-72, §20.)...

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2-3A-14
Section 2-3A-14 Dissolution of authority and vesting of title to its property. At any time
when the authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the said resolution in the office of the Secretary
of State, the authority shall thereupon stand dissolved and in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to the
state. (Acts 1980, No. 80-586, p. 913, §14.)...
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