2016 Mississippi Code
Title 29 - Public Lands, Buildings and Property
Chapter 3 - Sixteenth Section and Lieu Lands
Sixteenth Section Development Authorities (§§ 29-3-151 - 29-3-183)
§ 29-3-167. Issuance of bonds to defray expenses of authority
The board of trustees, subject to the call for an election as outlined in Section 29-3-161, is authorized and empowered, in its discretion, for the purpose of providing funds to assist in defraying expenses of the authority created under Sections 29-3-151 through 29-3-183, to issue from time to time negotiable revenue bonds of the authority in such amount or amounts as its board of trustees shall deem necessary; provided, however, that not more than the aggregate amount of One Million Five Hundred Thousand Dollars ($ 1,500,000.00) of said bonds shall be outstanding at any one (1) time.
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