When an agricultural high school is abolished under the provisions of Section 37-27-79, then it shall be the duty of the board of supervisors or boards of supervisors, to advertise the sale of and to sell all of the property of such school to the highest bidders for cash. The proceeds of such sale shall be used to pay off any outstanding indebtedness of such school. If there is a balance after paying all outstanding indebtedness then such balance shall be paid into the county school fund of such county or counties.
In the event the proceeds of the sale of the property of such school are not sufficient to pay all outstanding indebtedness of such school, then the board or boards of supervisors of such county or counties shall levy a tax on the property of the county or counties sufficient to pay the outstanding indebtedness when it becomes due.
Alternatively, the board of supervisors may transfer any part or all of such property to any school district in said county.
Structure Mississippi Code
Chapter 27 - Agricultural High Schools
§ 37-27-1. Establishing county agricultural high schools
§ 37-27-3. Tax levy for support and maintenance of school; election
§ 37-27-6. Tax to retire debt service on agricultural high school bonds
§ 37-27-7. Appointment of trustees
§ 37-27-9. Joint schools may be established by two or more counties
§ 37-27-11. Trustees of joint agricultural high schools; levy of taxes
§ 37-27-13. Ownership of joint schools
§ 37-27-15. General powers and duties of trustees; compensation
§ 37-27-17. Inspection of school by state superintendent of public education; state funds
§ 37-27-21. Legislature shall make appropriations
§ 37-27-23. Trustees shall be sole judges of eligibility of applicants
§ 37-27-25. Trustees shall make detailed statements of receipts and disbursements
§ 37-27-29. Oil, gas and mineral leases
§ 37-27-31. Lease of school buildings, equipment and lands
§ 37-27-33. Trustees may lease facilities for industrial training of students
§ 37-27-35. Trustees may acquire private educational institution outside of county
§ 37-27-39. Trustees may exchange certain lands
§ 37-27-43. Trustees may sell property not needed for school purposes
§ 37-27-45. Resolution required for sale
§ 37-27-47. Advertising of sale; conduct of sale
§ 37-27-49. All sales to be for cash; disposition of proceeds
§ 37-27-53. Pupils entitled to transportation
§ 37-27-55. Pupils reported for allocation of minimum education funds and building funds
§ 37-27-57. Payment of additional or supplemental expenses
§ 37-27-59. Applicability of laws
§ 37-27-61. County superintendent may provide for attendance out of the county
§ 37-27-67. Election on issuance of bonds by boards of supervisors
§ 37-27-69. Agricultural high school may borrow not to exceed $50,000 for housing facilities
§ 37-27-71. Declaration of intention to borrow; issuance of notes; repayment
§ 37-27-75. Foregoing sections as cumulative
§ 37-27-77. Purchase of bus for benefit of agricultural high schools in certain counties
§ 37-27-83. Disposal of school property when school is discontinued
§ 37-27-85. Donated lands may be reconveyed when school is discontinued
§ 37-27-87. Transfer of funds when school is discontinued
§ 37-27-89. Distribution and use of funds when school is discontinued