In any suit, action or proceeding involving the validity or enforcement of, or relating to, any contract of a county railroad authority, created pursuant to Section 19-29-7, the county authority shall be conclusively deemed to have become established and authorized to transact its business and exercise its powers upon proof of the adoption by the county of the resolution creating the county railroad authority and of the appointment and qualification of the first commissioners thereof.
In any suit, action or proceeding involving the validity or enforcement of, or relating to, any contract of a regional railroad authority, such regional railroad authority shall be conclusively deemed to have become established and authorized to transact its business and exercise its powers upon proof of the issuance by the Secretary of State of a certificate of incorporation of such regional railroad authority.
Structure Mississippi Code
Title 19 - Counties and County Officers
Chapter 29 - Local and Regional Railroad Authorities
§ 19-29-3. Legislative findings and declaration of purpose
§ 19-29-13. Proof of authorization or existence of county or regional railroad authority
§ 19-29-15. Commissioners; expenses; quorum; officers
§ 19-29-17. General powers of railroad authority
§ 19-29-19. Acquisition of property by eminent domain
§ 19-29-21. Disposal of railroad property or facilities
§ 19-29-23. Contracts or leases in connection with operation of railroad properties and facilities
§ 19-29-25. Rules and regulations
§ 19-29-27. Designation of agent for receipt and disbursement of funds
§ 19-29-29. Issuance of bonds by authority; security; limitation of liability thereon; tax exemption
§ 19-29-31. Resolution authorizing issuance of bonds; terms and covenants
§ 19-29-33. Form and details of bonds
§ 19-29-35. Trust agreement securing bonds
§ 19-29-37. Bonds to be legal investments and negotiable instruments
§ 19-29-39. Property and income of authority exempt from taxation
§ 19-29-41. Real property of authority exempt from levy and execution
§ 19-29-43. Aid and cooperation of political subdivisions
§ 19-29-45. Annual report and recommendations of railroad authorities
§ 19-29-47. Provisions inapplicable to certain counties with port commissions