2016 Mississippi Code
Title 65 - Highways, Bridges and Ferries
Chapter 23 - Bridges; Boundary and Other Waters
Article 1 - Toll Bridges
§ 65-23-5. Enforcement of payment of bonds

MS Code § 65-23-5 (2016) What's This?

The holders of any bond or interest coupon issued under the provisions of this article may by suit, action, mandamus, or other proceedings at law or in equity enforce or compel performance by the appropriate official or officials of a municipality or public body of any and all acts and duties to be performed by such public body under the provisions of this article and the ordinance authorizing the issuance of such bonds and interest coupons. If there be any default in the payment of the interest and principal of any of said bonds, any court having jurisdiction in the proper action may, upon petition of the holder of any such bond, appoint a receiver to administer and operate the bridge, with power to fix rates and collect charges sufficient to provide for the payment of all bonds outstanding to the payment of which the revenue of such bridge is pledged, to pay the expenses of operating and maintaining such toll bridge, and to apply the revenues of such toll bridge in conformity with the provisions of this article and the ordinance authorizing the issuance of such bonds.

Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.