Any pledge of revenues or other moneys made by the bank shall be valid and binding from the time when the pledge is made. The revenues or other moneys so pledged and thereafter received by the bank shall immediately be subject thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having notice thereof. Neither the resolution nor any other instrument by which a pledge is created or any statement with respect thereto need be filed or recorded, except in the records of the bank.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 25 - Mississippi Development Bank Act
Article 1 - General Provisions
§ 31-25-3. Legislative intent; construction
§ 31-25-7. Mississippi Development Bank created
§ 31-25-9. Bank's powers vested in board
§ 31-25-11. Quorum for conducting business; per diem compensation; expenses
§ 31-25-15. Disclosure of contractual interest
§ 31-25-17. Acceptance of membership on bank; nonforfeiture of office or employment
§ 31-25-20. Power of bank to loan money to local governmental unit
§ 31-25-21. Power of bank to loan money to local governmental unit
§ 31-25-23. Loans to local governmental units; purchase or sale of municipal securities
§ 31-25-25. Prohibited transactions
§ 31-25-33. Exemption from taxation
§ 31-25-35. Report; audit of books and accounts
§ 31-25-39. Resolution of Board authorizing or relating to issuance of bonds; contracts
§ 31-25-41. Pledge of revenues or other moneys
§ 31-25-43. Establishment of funds or accounts
§ 31-25-45. Purchase of bonds by Bank
§ 31-25-47. Agreements or contracts for safekeeping of municipal bonds or other investments
§ 31-25-49. Reservation of State power