Mississippi Code
Municipally Owned Utilities
§ 21-27-55. Bonds may be called

The governing authorities of any municipality authorizing revenue bonds pursuant to the authority granted in Sections 21-27-23 and 21-27-51, may make provisions for any of such revenue bonds to be called for payment at any interest payment date before maturity, provided the municipality shall have on hand in its bond and interest fund sufficient moneys, not otherwise appropriated or pledged, in excess of the interest and principal requirements within the next two succeeding calendar, operating or fiscal years.

Structure Mississippi Code

Mississippi Code

Title 21 - Municipalities

Chapter 27 - Public Utilities and Transportation

Municipally Owned Utilities

§ 21-27-11. Definitions

§ 21-27-13. Establishment of public utility commission; qualifications, appointment, terms of office, powers and duties, compensation and bonds of commissioners; exercise of powers when commission not established

§ 21-27-15. Governing authorities may remove any commissioner for cause, but may not abolish the commission

§ 21-27-17. Powers and duties of commission

§ 21-27-19. Disposition of revenues by commission

§ 21-27-21. Commission to keep records of service furnished municipality

§ 21-27-23. General powers of municipality as to creation, maintenance, and operation of public utility systems

§ 21-27-25. Borrowing money for improvement, extension, repair or stockpiling fuel of system

§ 21-27-27. Free service

§ 21-27-29. Rates not to be supervised by state; no franchise required

§ 21-27-31. Keeping of books and accounts by municipality

§ 21-27-33. Municipality may dispose of public utility systems

§ 21-27-35. Utilization of proceeds of sale of public utility system

§ 21-27-37. Inspection of utility authorized; penalty for violation

§ 21-27-39. Municipalities may furnish services to consumers outside corporate limits

§ 21-27-41. Ordinance to be enacted before bonds are issued

§ 21-27-43. Electorate to vote on issuance of bonds

§ 21-27-45. Details of bonds; sale; fiscal advisor

§ 21-27-47. Utilization of revenues of system to pay off bonds

§ 21-27-49. Services of system may be used by municipality

§ 21-27-51. Refunding bonds; consolidated bonds

§ 21-27-53. Default on bonds

§ 21-27-55. Bonds may be called

§ 21-27-57. Disposition of revenues

§ 21-27-59. General revenues may be used for operation and maintenance of system

§ 21-27-61. Distribution of revenues and surplus; minutes of municipal governing authorities

§ 21-27-63. Contracts and liens not impaired

§ 21-27-65. Penalty for failing to set aside trust funds

§ 21-27-67. Construction of sections

§ 21-27-69. Obligations under repealed laws remain valid

§ 21-27-71. Issuance of bonds in municipalities of more than one hundred thousand population

§ 21-27-73. Contract for purchase of supply of natural gas from any public nonprofit corporation for up to 10 years