4-3-18
Section 4-3-18 Use of proceeds from sale of bonds. The proceeds derived from the sale of any
bonds (other than refunding bonds) may be used only to pay the cost of acquiring, constructing,
improving, enlarging and equipping the airport, facilities or property with respect to which
they were issued, as may be specified in the proceedings in which the bonds are authorized
to be issued. Such cost shall be deemed to include the following: the cost of any land forming
a part of such airport, facilities or property; the cost of labor, material and supplies used
in any such construction, improvement or enlargement, including architects' and engineers'
fees and the cost of preparing contract documents and advertising for bids; the purchase price
of and the cost of installing equipment for the airport, facilities or property; the cost
of landscaping the lands forming a part of such airport, facilities or property and of constructing
and installing roads, sidewalks, curbs, gutters, utilities and...
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4-3-55
Section 4-3-55 Bonds - Disposition of proceeds from sale. The proceeds derived from the sale
of any bonds, other than refunding bonds, may be used only to pay the cost of acquiring, constructing,
improving, enlarging and equipping the airport, facilities or property with respect to which
they were issued, as may be specified in the proceedings in which the bonds are authorized
to be issued. Such cost shall be deemed to include the following: the cost of any land forming
a part of such airport, facilities or property; the cost of labor, material and supplies used
in any such construction, improvement or enlargement, including architects' and engineers'
fees, and the cost of preparing contract documents and advertising for bids; the purchase
price of and the cost of installing equipment for the airport, facilities or property; the
cost of landscaping the lands forming a part of such airport, facilities or property and of
constructing and installing roads, sidewalks, curbs, gutters,...
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37-13-14
Section 37-13-14 Bonds of authority - Disposition of proceeds from sale of bonds. The proceeds
derived from the sale of any bonds (other than refunding bonds) may be used only to pay the
costs of acquiring, constructing, improving, enlarging and equipping the railroad properties
and facilities, or other property with respect to which they were issued, as may be specified
in the proceedings in which the bonds are authorized to be issued. Such costs shall be deemed
to include the following: the costs of any land or easements forming a part of such railroad
properties and facilities or other property; the cost of labor, material and supplies used
in any such construction, improvement or enlargement, including architects' and engineers'
fees, and the cost of preparing contract documents and advertising for bids; the purchase
price of, and the cost of installing equipment for use in connection with, such railroad properties
and facilities or other property; the cost of constructing and...
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11-97-8
Section 11-97-8 Powers of corporation; location of facilities of corporation. (a) Every corporation
shall have all of the powers necessary and convenient to carry out and effectuate the purposes
and provisions of this chapter, including (without limiting the generality of the foregoing)
the following powers: (1) To have succession in its corporate name for the duration of time
(which may be in perpetuity, subject to the provisions of Section 11-97-22 hereof) specified
in its certificate of incorporation; (2) To sue and be sued in its own name in civil suits
and actions 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, 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,...
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11-62-7
Section 11-62-7 Powers of authority generally; operation of facilities by authority. (a) Every
authority shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including, without limiting the generality of
the foregoing, the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section 11-62-17)
specified in its certificate of incorporation; (2) To sue and be sued in its own name in civil
suits and actions 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, 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, and to expand, improve, maintain, equip, and...
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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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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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16-18A-2
Section 16-18A-2 Definitions. As used in this chapter, the following words and terms shall
have the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY.
The Private Colleges and Universities Facilities Authority created by this chapter and any
successor or successors thereto. Any change in name or composition of the authority shall
in no way affect the vested rights of any person under the provisions of this chapter. (2)
PROJECT. A structure or structures available for use as a dormitory or other student housing
facility, a dining hall, student union, administration building, academic building, library,
laboratory, research facility, classroom, athletic facility, health care facility, maintenance,
storage or utility facility and other structures or facilities related thereto or required
or useful for the instruction of students or the conducting of research or the operation of
an institution of higher education, whether proposed, under construction or...
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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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11-61A-16
Section 11-61A-16 Proceeds from sale of bonds. (a) The proceeds derived from the sale of any
bonds, other than refunding bonds, may be used exclusively to pay the cost of acquiring, constructing,
improving, enlarging, and equipping the parking facilities or property with respect to which
they were issued, as may be specified in the proceedings in which the bonds are authorized
to be issued. The cost includes any of the following: (1) The cost of any land forming a part
of the facilities. (2) The cost of labor, materials, and supplies used in any construction,
improvement, or enlargement, including architects' and engineers' fees and the cost of preparing
contract documents and advertising for bids. (3) The purchase price of and the cost of installing
equipment for the facilities. (4) The cost of landscaping the lands forming a part of the
facilities and of constructing and installing roads, sidewalks, curbs, gutters, and utilities
in connection with the facilities. (5) Legal, fiscal,...
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