If, after the governing authorities of any municipality have issued revenue bonds pursuant to the authority granted in Sections 21-27-23 and 21-27-51, said governing authorities fail or refuse to carry out their duties with reference to setting aside the trust funds, said officers shall be guilty of a misdemeanor and, upon trial and conviction, shall be removed from office.
Structure Mississippi Code
Chapter 27 - Public Utilities and Transportation
§ 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
§ 21-27-25. Borrowing money for improvement, extension, repair or stockpiling fuel of system
§ 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
§ 21-27-55. 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 Obligations under repealed laws remain valid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