The bonds issued under the provisions of this chapter shall be legal investments for the state, municipal corporations, political subdivisions, public bodies, commercial banks, savings and loan associations and insurance companies organized under the laws of this state.
All bonds and appurtenant coupons issued pursuant to this chapter shall be negotiable instruments within the meaning of the Uniform Commercial Code of the State of Mississippi.
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