Such general obligation bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions and things which are specified or required by this chapter. Any resolution providing for the issuance of general obligation bonds under the provisions of this chapter shall become effective immediately upon its adoption by the State Bond Commission, and any such resolution may be adopted at any regular, special or adjourned meeting of the State Bond Commission by a majority of its members.
The bonds authorized under the authority of this chapter may, in the discretion of the State Bond Commission, be validated in the Chancery Court of Hinds County, Mississippi, in the manner and with the force and effect provided now or hereafter by Chapter 13, Title 31, Mississippi Code of 1972, for the validation of county, municipal, school district and other bonds. The necessary papers for such validation proceedings shall be transmitted to the State Bond Commission, and the required notice shall be published in a newspaper published in the City of Jackson, Mississippi.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 29 - Institute for Technology Development
§ 31-29-5. Issuance of bonds; repayment; ad valorem tax on property
§ 31-29-7. Bonds to be negotiable instruments; bonds and income tax exempt
§ 31-29-9. Sale of bonds; price; notice of sale
§ 31-29-13. Right of holders of bonds or interest coupons
§ 31-29-15. Necessity of other proceedings or conditions for issuance of bonds; validation of bonds
§ 31-29-17. Bonds as legal investments and securities
§ 31-29-19. Authority for exercise of powers
§ 31-29-21. Withdrawal of funds from Institute for Technology Development Fund