Whenever there shall be on hand in any bond and interest fund an amount in excess of the amount which will be required for expenditure therefrom within the next succeeding twelve months, the board of supervisors may use such excess amount to purchase the outstanding bonds of the county which are payable from such fund whenever, in the judgment of such board the best interest of the county would be served thereby. When such bonds are purchased, they shall be cancelled and retired and shall not thereafter be resold or reissued.
Structure Mississippi Code
Title 19 - Counties and County Officers
Chapter 9 - Finance and Taxation
Uniform System for Issuance of County Bonds
§ 19-9-1. Purpose of bonds enumerated
§ 19-9-3. Bonds of roads or supervisors districts
§ 19-9-3. Bonds of roads or supervisors districts
§ 19-9-5. Limitation of indebtedness
§ 19-9-7. Details of county bonds; supplemental powers conferred in issuance of bonds
§ 19-9-11. Notice of intention to issue bonds; calling of election
§ 19-9-15. Holding of election
§ 19-9-17. Results of election
§ 19-9-19. Maturities, interest, and signatures
§ 19-9-21. Proceeds shall not be diverted
§ 19-9-23. Transfer of residue of bond proceeds
§ 19-9-25. Bond and interest funds may be used to buy outstanding bonds
§ 19-9-27. Borrowing in anticipation of taxes