11-57-17
Section 11-57-17 Refunding bonds. The authority may at any time and from time to time
sell and issue its refunding revenue bonds for the purpose of refunding the principal of and
interest on any matured or unmatured bonds of the authority at the time outstanding and for
the payment of any expenses incurred in connection with such refunding and any premium necessary
to be paid to redeem or retire the bonds so to be refunded. Any such refunding may be effected
either by sale of refunding bonds and the application of the proceeds thereof to payment,
redemption or retirement of the bonds to be refunded thereby, by exchange of the refunding
bonds for the bonds or interest coupons to be refunded thereby or by any combination thereof;
provided, that the holders of any bonds or coupons so to be refunded shall not be compelled
without their consent to surrender their bonds or coupons for payment or exchange prior to
the date on which they may be paid or redeemed by the authority under their...
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22-21-142
Section 22-21-142 Bonds - Refunding. The authority may at any time and from time to
time sell and issue its refunding revenue bonds for the purpose of refunding the principal
of, and interest on, any matured or unmatured bonds of the authority at the time outstanding
and for the payment of any expenses incurred in connection with such refunding and any premium
necessary to be paid to redeem or retire the bonds so to be refunded; provided, that the principal
amount of bonds the authority may issue for refunding purposes may not exceed the sum of the
following: the principal amount of the bonds refunded thereby, the interest to mature thereon
from the immediately preceding interest payment date to their respective maturities (or, in
the event the bonds to be refunded, or any part thereof, are to be retired prior to their
respective maturities, the interest to mature thereon from the immediately preceding interest
payment date until the date or dates on which they are to be retired), any...
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11-94-14
Section 11-94-14 Refunding bonds. An authority may at any time and from time to time
issue refunding bonds for the purpose of refunding the principal of and the interest on any
bonds of the authority theretofore issued hereunder and then outstanding, whether or not such
principal and interest shall have matured at the time of such refunding, and for the payment
of any expenses incurred in connection with such refunding and any premium necessary to be
paid in order to redeem, retire or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be compelled...
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4-3-19
Section 4-3-19 Refunding bonds. The authority may at any time and from time to time
issue refunding bonds for the purpose of refunding the principal of and the interest on any
bonds of the authority theretofore issued hereunder and then outstanding, whether or not such
principal and interest shall have matured at the time of such refunding and for the payment
of any expenses incurred in connection with such refunding and any premium necessary to be
paid in order to redeem, retire or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided,
that the holders of any bonds or coupons so to be refunded shall not be compelled...
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45-37A-56.37
Section 45-37A-56.37 Refunding bonds. The authority may at any time and from time to
time issue refunding bonds for the purpose of refunding the principal of and the interest
on any bonds of the authority theretofore issued hereunder and then outstanding, whether or
not such principal and interest shall have matured at the time of such refunding, and for
the payment of any expenses incurred in connection with such refunding and any premium necessary
to be paid in order to redeem, retire, or purchase for retirement the bonds to be refunded.
The proceeds derived from the sale of any refunding bonds shall be used only for the purposes
for which the refunding bonds were authorized to be issued. Any such refunding may be effected
either by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be...
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37-13-15
Section 37-13-15 Bonds of authority - Refunding bonds. An authority may at any time
and from time to time issue refunding bonds for the purpose of refunding the principal of
and the interest on any bonds of the authority theretofore issued hereunder and then outstanding,
whether or not such principal and interest shall have matured at the time of such refunding,
and for the payment of any expenses incurred in connection with such refunding and any premium
necessary to be paid in order to redeem, retire or purchase for retirement the bonds to be
refunded. The proceeds derived from the sale of any refunding bonds shall be used only for
the purposes for which the refunding bonds were authorized to be issued. Any such refunding
may be effected either by sale of the refunding bonds and the application of the proceeds
thereof, or by exchange of the refunding bonds for the bonds or coupons to be refunded thereby;
provided that the holders of any bonds or coupons so to be refunded shall not be...
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4-3-56
Section 4-3-56 Refunding bonds. The authority may at any time and from time to time
issue refunding bonds for the purpose of refunding or providing funds to pay the principal
of and the interest on any bonds of the authority theretofore issued under this article and
then outstanding, whether or not such principal or interest shall have matured at the time
of such refunding, and for the payment of any expenses incurred in connection with such refunding
and any premium necessary to be paid in order to redeem, retire or purchase for retirement
the bonds to be refunded. The proceeds derived from the sale of any refunding bonds shall
be used only for the purposes for which the refunding bonds were authorized to be issued.
Any such refunding may be effected either by sale of the refunding bonds and the application
of the proceeds thereof or by exchange of the refunding bonds for the bonds or interest coupons
to be refunded thereby; provided, that the holders of any bonds or coupons so to be...
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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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11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity;
limitation on principal amount; use of proceeds; effectuation of refunding by sale or exchange
of bonds. (a) An authority may at any time and from time to time sell and issue its refunding
bonds for the purpose of refunding the principal of and interest on any then outstanding bonds
of the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
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22-3A-14
Section 22-3A-14 Refunding bonds. (a) Any bonds issued by the authority under this chapter
may from time to time thereafter be refunded by the issuance of refunding bonds of the authority;
provided, however, that no refunding bonds shall be issued unless the present value of all
debt service on the refunding bonds (computed with a discount rate equal to the true interest
rate of the refunding bonds and taking into account all underwriting discount and other issuance
expenses) shall not be greater than 95 percent of the present value of all debt service on
the bonds to be refunded (computed using the same discount rate and taking into account the
underwriting discount and other issuance expenses originally applicable to such bonds) determined
as if such bonds to be refunded were paid and retired in accordance with the schedule of maturities
(considering mandatory redemption as a scheduled maturity) provided at the time of their issuance.
Provided further that the average maturity of the...
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