11-81-179
Section 11-81-179 Statutory mortgage lien of bondholders - Duration; enforcement. (a) Any system
or systems that shall be made subject to a statutory mortgage lien as provided for in Section
11-81-178 shall remain subject to such lien until payment in full of the principal of and
the interest on the bonds to secure the payment of which such lien was created or until moneys
sufficient for the payment thereof shall have been set aside in trust for payment thereof.
(b) Any holder of any of said bonds or of any of the interest coupons applicable thereto and
the trustee under any trust indenture, if so provided in such indenture, may, by civil action,
mandamus or other proceedings, protect, enforce and compel performance of all duties of the
officials of the borrower, including the fixing of sufficient rates, the collection of revenues,
the proper segregation of the revenues of the system or systems and the proper application
thereof; provided, however, that such statutory mortgage lien...
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11-50-101
Section 11-50-101 Issuance, etc., of bonds by municipalities having less than six thousand
inhabitants. Any city or town having a population of less than 6,000 inhabitants may, notwithstanding
the amount or character of any bonded or other indebtedness, issue such bonds, but the same
shall be a lien or charge only against the property improved and drained and against the fund
collected from the assessments levied against the property improved and drained and shall
not be the general obligation of the city or town, nor shall such city or town be in any way
liable to the holders of such bonds in case of failure to collect the same, but such bonds
may be secured by mortgage on or deed of trust to said sewers or sewer system. Such last described
bonds, when issued, shall convey and transfer to the owners thereof all right, title, and
interest in and to the assessment and the lien upon the respective lots or parcels of ground
provided for in this division, which liens and assessments shall...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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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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41-10-144
Section 41-10-144 Bonds - Statutory mortgage lien to secure payment of principal and interest;
recording notice. Any resolution of the board or trust indenture under which bonds may be
issued pursuant to the provisions of this article may contain provisions creating a statutory
mortgage lien in favor of the holders of such bonds and of the interest coupons applicable
thereto on the property and facilities, or any part thereof (including any after-acquired
property) out of the revenues from which such bonds are made payable. The said resolution
of the board or the said trust indenture may provide for the filing for record in the office
of the judge of probate of each county in which any property and facilities, or any part thereof,
may be located of a notice containing a brief description of such bonds and a declaration
that the said statutory mortgage lien has been created for the benefit of the holders of such
bonds and the interest coupons applicable thereto upon such property and...
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11-88-10
Section 11-88-10 Bonds of authority - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this article may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
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11-89-10
Section 11-89-10 Bonds of district - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this chapter may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems, and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems, and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
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11-81-178
Section 11-81-178 Statutory mortgage lien of bondholders - Creation generally; filing, recordation,
etc., of notice thereof. (a) In the authorizing proceedings or in the trust indenture, if
any, under which bonds may be issued pursuant to the provisions of this article, there shall
be created a statutory mortgage lien in favor of the holders of such bonds and of the interest
coupons applicable thereto on each system or systems (including any additions thereto and
extensions thereof that may be thereafter made) out of the revenues from which such bonds
are made payable. (b) The authorizing proceedings or such trust indenture may provide for
the filing for record in the office of the judge of probate of each county in which any part
of such system or systems may be located of a notice containing a brief description of such
system or systems, a brief description of such bonds and a declaration that said statutory
mortgage lien has been created for the benefit of the holders of such bonds...
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45-49A-64.11
Section 45-49A-64.11 Statutory mortgage lien. Any resolution of the board or trust indenture
under which bonds may be issued pursuant to this part may contain provisions creating a statutory
mortgage lien, in favor of the holders of such bonds and of the interest coupons applicable
thereto, on the transit systems, or any thereof (including any after-acquired property) out
of the revenues from which such bonds are made payable. The resolution of the board or the
trust indenture may provide for the filing for record in the office of the judge of probate
of each county in which any part of such transit system, or any thereof, may be located of
a notice containing a brief description of such systems, a brief description of such bonds,
and a declaration that the statutory mortgage lien has been created for the benefit of the
holders of such bonds and the interest coupons applicable thereto, upon such systems, including
any additions thereto and extensions thereof. Each judge of probate...
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11-49A-12
Section 11-49A-12 Statutory mortgage lien; creation; filing of notice. Any resolution of the
board or trust indenture under which bonds may be issued pursuant to the provisions of this
chapter may contain provisions creating a statutory mortgage lien, in favor of the holders
of such bonds and of the interest coupons applicable thereto, on the transit systems, or any
thereof (including any after-acquired property) out of the revenues from which such bonds
are made payable. The said resolution of the board or the said trust indenture may provide
for the filing for record in the office of the judge of probate of each county in which any
part of such transit system, or any thereof, may be located of a notice containing a brief
description of such systems, a brief description of such bonds, and a declaration that said
statutory mortgage lien has been created for the benefit of the holders of such bonds and
the interest coupons applicable thereto, upon such systems, including any additions...
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