Whenever any drainage district organized under the laws of this state shall cease to function in the manner provided by law for a period of two or more years by failing to levy and collect the annual assessments made and pledged by it to the payment of its bonded indebtedness, or by failing to function as an organized body, or shall suffer its bonded indebtedness or a substantial part thereof to be in default and so remain for a period of two or more years, then, in either or all of such events, any holder of any of the outstanding and past due bonds issued by said drainage district or of judgments based upon said bonded indebtedness shall have the right to petition the chancery court of the county in which said drainage district or the greater part thereof is situated, for the appointment of a receiver for said drainage district.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Chapter 33 - Provisions Common to Drainage Districts and Swamp Land Districts
Article 1 - Provisions Common to Drainage Districts
§ 51-33-1. Soil and water conservation and utilization
§ 51-33-3. Additional powers for conservation
§ 51-33-5. Petition for conservation powers
§ 51-33-7. Creation of district for conservation purposes
§ 51-33-9. Construction of conservation program
§ 51-33-11. Additional powers for beneficial use of water
§ 51-33-13. Cooperative agreements for conservation programs
§ 51-33-15. Water management district
§ 51-33-17. Borrowing funds from government agencies
§ 51-33-19. Funds for repairs and restoration
§ 51-33-21. Certificates of indebtedness for repairs
§ 51-33-23. Tax levy for repairs
§ 51-33-25. Hearing on indebtedness for repairs
§ 51-33-27. Authority for indebtedness for repairs
§ 51-33-29. Cooperative agreements with U.S. Corps of Engineers
§ 51-33-31. Borrowing from Farmers' Home Administration
§ 51-33-33. Irrigation of farm lands
§ 51-33-35. Contract for irrigation funds
§ 51-33-37. Bond issue to fund legal indebtedness
§ 51-33-41. Payment of refunding bonds
§ 51-33-43. State sale of tax lands
§ 51-33-45. District may purchase tax lands
§ 51-33-47. Lands conveyed to drainage district liable for state and county taxes
§ 51-33-49. Sale or lease of tax lands
§ 51-33-51. Sale price of tax lands
§ 51-33-53. Terms of sale of tax lands
§ 51-33-55. Terms of lease of tax lands
§ 51-33-57. Seal required for conveyance of tax lands
§ 51-33-59. Release of land by lump sum payment
§ 51-33-63. Procedure to release lands from Reconstruction Finance Corporation
§ 51-33-65. Release of lands by agreement with commissioners and bondholders
§ 51-33-67. Procedure to release lands from bondholders
§ 51-33-71. Procedure to release lands in districts with more than fifty percent tax-forfeited lands
§ 51-33-73. Payment for release
§ 51-33-75. Receivership for certain districts
§ 51-33-77. Proceedings for appointment of receiver
§ 51-33-79. Duties of receiver; oath; bond; records
§ 51-33-83. Payment of assessments by landowners or sale of property
§ 51-33-85. Compromise of assessments between landowners and bondholders
§ 51-33-87. Disposition of funds and discharge of receiver
§ 51-33-89. Receivership as additional management method
§ 51-33-93. Dissolution of district without construction; petition; notice
§ 51-33-95. Dissolution of district without construction; proceedings; chancery court jurisdiction
§ 51-33-97. Dissolution of district without construction; claims
§ 51-33-99. Dissolution of district with construction not requiring maintenance
§ 51-33-101. Dissolution of district with construction not requiring maintenance; petition; notice
§ 51-33-105. Dissolution of district by cumulative method
§ 51-33-107. Dissolution of district by cumulative method; petition
§ 51-33-109. Dissolution of district by cumulative method; notice and summons
§ 51-33-111. Dissolution of district by cumulative method; claims
§ 51-33-117. Dissolution of district by cumulative method; surplus funds; effect of dissolution
§ 51-33-119. Dissolution of district by cumulative method; appeals