2018 Mississippi Code
Title 61 - Aviation
Chapter 3 - Airport Authorities
§ 61-3-39. Payment of bonds.

Universal Citation: MS Code § 61-3-39 (2018)
  • All bonds except term bonds of a single issue shall be paid in consecutive annual or semiannual payments.
  • The first annual or semiannual principal payment upon each authorized issue shall be paid not more than thirty-six (36) months after the date of the bonds.
  • The last payment of each authorized issue of bonds shall mature not later than forty (40) years after its date of issue.
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