Mississippi Code
Article 11 - Mississippi Home Corporation Act
§ 43-33-787. Bonds are legal investments and legal securities

All bonds issued under the provisions of Sections 43-33-767 through 43-33-797 shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.

Structure Mississippi Code

Mississippi Code

Title 43 - Public Welfare

Chapter 33 - Housing and Housing Authorities

Article 11 - Mississippi Home Corporation Act

§ 43-33-701. Short title

§ 43-33-702. Legislative findings

§ 43-33-703. Definitions

§ 43-33-705. Fiduciary bond; premiums

§ 43-33-715. Nonprofit nature of corporation; directors to serve without compensation; per diem allowance; payment of expenses

§ 43-33-721. Adoption of rules, regulations, resolutions and bylaws by corporation

§ 43-33-723. Prohibition against discrimination

§ 43-33-725. Advisory board

§ 43-33-727. Mississippi Home Corporation Oversight Committee

§ 43-33-729. Issuance of negotiable bonds and notes; purpose

§ 43-33-729. Issuance of negotiable bonds and notes; purpose

§ 43-33-731. Form and content of bonds and notes

§ 43-33-733. Issuance of bonds or notes for refunding outstanding bonds or notes

§ 43-33-735. Pledge of earnings, revenues or other assets; liens

§ 43-33-739. Creation of debt service reserve funds

§ 43-33-741. Agreement by state not to alter vested rights

§ 43-33-743. Investment in sinking funds, monies or other funds

§ 43-33-749. Personal liability of corporate directors, advisory board members, etc. while acting in scope of authority

§ 43-33-751. Conflict of interest; disclosure

§ 43-33-753. Services of state officers and state agencies

§ 43-33-755. Preference of certain actions or proceedings questioning validity; venue

§ 43-33-757. Term of corporate existence; termination

§ 43-33-759. Mississippi Affordable Housing Development Fund; powers and duties

§ 43-33-761. Construction of Article in conjunction with other Code provisions

§ 43-33-763. Public official not to derive income from issuance of bonds

§ 43-33-765. Construction of Article

§ 43-33-769. Payment of principal and interest; bond specifications

§ 43-33-771. Signature on bonds; interest coupons

§ 43-33-773. Bonds and coupons are negotiable instruments

§ 43-33-775. Sale and form of bonds

§ 43-33-777. Bonds are general obligations of state

§ 43-33-779. Disposition of proceeds of sale of bonds

§ 43-33-781. Issuance of bonds

§ 43-33-783. Validation of bonds; notice

§ 43-33-785. Protection and enforcement of bond holders' rights

§ 43-33-787. Bonds are legal investments and legal securities

§ 43-33-789. Bonds and income tax exempt

§ 43-33-791. Use of bond proceeds

§ 43-33-793. Authorization to issue warrants for payment on bonds

§ 43-33-795. Progress report; annual fiscal reports

§ 43-33-797. Sections 43-33-767 through 43-33-797 give complete authority; effect on other laws