The bonds, notes, or other objects of indebtedness issued under the provisions of Section 51-31-111 shall bear interest not exceeding 6% per annum and shall be non-taxable.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Chapter 31 - Drainage Districts with County Commissioners
§ 51-31-1. Powers of drainage districts
§ 51-31-5. General authority of drainage districts
§ 51-31-7. Exercise of authority
§ 51-31-9. Selection of county drainage commissioners
§ 51-31-11. Oath and bond of drainage commissioners
§ 51-31-13. Compensation of commissioners
§ 51-31-17. Secretary and treasurer of drainage districts
§ 51-31-19. Employment of counsel
§ 51-31-21. Creation of drainage districts on petition
§ 51-31-23. Jurisdiction of organization
§ 51-31-25. Notice of petition
§ 51-31-29. Hearing of petitions
§ 51-31-31. Landowners may sign petition at hearing
§ 51-31-33. Commissioners to estimate cost
§ 51-31-35. Proceedings on report of commissioners
§ 51-31-37. Disposition of report
§ 51-31-39. Form of court's order
§ 51-31-41. District declared organized
§ 51-31-43. Preliminary expenses
§ 51-31-47. Notice of assessments
§ 51-31-49. Hearing objections
§ 51-31-51. Assessments confirmed
§ 51-31-53. Payment of assessments
§ 51-31-55. Right of way agreements
§ 51-31-57. Notice of appraisement by commissioners
§ 51-31-59. Appraisement hearing
§ 51-31-61. Levy to provide estimated funds
§ 51-31-63. Tax levied to meet assessment
§ 51-31-65. Levy each year to meet bond obligations
§ 51-31-67. Reassessments in case of underestimates
§ 51-31-69. Sale of district bonds
§ 51-31-71. Contracts let to lowest bidder
§ 51-31-73. Commissioners to construct and maintain drains
§ 51-31-75. Lateral ditches to be laid out
§ 51-31-77. Actual damages recoverable
§ 51-31-79. Jurisdiction of drainage commissioners
§ 51-31-83. Commissioners may go on lands
§ 51-31-85. Ditches already constructed may be used
§ 51-31-87. Compensation for use of other district drains
§ 51-31-89. Passing railroads with canal
§ 51-31-91. Notice and damages
§ 51-31-93. Railroad may be assessed for benefits
§ 51-31-95. Drain may cross public road
§ 51-31-97. Landowners outside of district may use drains
§ 51-31-99. Reassessment if estimate deficient
§ 51-31-101. Penalty for injuring drains
§ 51-31-103. Benefit to county farm
§ 51-31-105. Jurisdiction of suits
§ 51-31-107. Master may hear and determine causes; report of findings to chancellor
§ 51-31-109. Expenses of chancellor and master taxed against district
§ 51-31-111. Additional bond issue
§ 51-31-113. Interest rate of additional bonds
§ 51-31-115. Notice of issue to be published
§ 51-31-117. Proceedings in rem
§ 51-31-119. Subdrainage districts authorized
§ 51-31-121. Notice of subdistrict proceedings
§ 51-31-123. Creation of subdistrict
§ 51-31-125. Subdistricts managed by drainage commissioners
§ 51-31-127. Separate financial account kept for subdrainage district
§ 51-31-129. Collection of taxes
§ 51-31-135. Record of tax sales
§ 51-31-137. Expiration of redemption period
§ 51-31-139. District placed under supervisors
§ 51-31-141. Procedure for districts to come under this chapter