Mississippi Code
Article 1 - Provisions Common to Drainage Districts
§ 51-33-87. Disposition of funds and discharge of receiver

All funds received by the receiver, either as payments made by the landowners or by sale of the land as authorized in Section 51-33-83, shall constitute a trust fund in the hands of said receiver for the use and benefit of the bond and judgment holders entitled thereto. The receiver shall make report to court annually and from time to time as the court may order, showing the amount of assessments by him collected. Out of the funds so collected, the court shall order all costs paid. Ten per cent (10%) of the amount collected under said receivership shall, by said receiver, be paid into the state treasury to the credit of the department of audit fund; and the balance remaining shall be paid to the bond and judgment holders entitled thereto in proportion to their respective valid and legal holdings. When all assessed benefits become due and the receiver has collected all that can be collected, either by payment by the landowners or by sale of the land, he shall make final report; and upon paying out all funds in accordance with the orders of the court, the receiver may be finally discharged. Upon the discharge of said receiver, the status quo of the drainage district shall be reestablished by order of the court, or said district may be dissolved as by law permitted.

Structure Mississippi Code

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

§ 51-33-39. Refunding bonds

§ 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

§ 51-33-61. Release of lands where indebtedness refinanced through Reconstruction Finance Corporation

§ 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

§ 51-33-69. Release of lands in districts with more than fifty per cent of lands forfeited to state for taxes

§ 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

§ 51-33-81. Audit of 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

§ 51-33-91. Dissolution of district without construction-time limitation for commencement of proceedings

§ 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

§ 51-33-103. Dissolution of district with construction not requiring maintenance; proceedings; chancery court jurisdiction

§ 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

§ 51-33-113. Dissolution of district by cumulative method; sale of property; orders and decrees; appointment of masters

§ 51-33-115. Dissolution of district by cumulative method; claims; fees and commissions; contraction of debts

§ 51-33-117. Dissolution of district by cumulative method; surplus funds; effect of dissolution

§ 51-33-119. Dissolution of district by cumulative method; appeals

§ 51-33-121. Law as additional method of dissolution

§ 51-33-123. Saving statute

§ 51-33-125. Transfer of powers, duties and responsibilities of dissolved drainage districts with federally funded water impoundment structures to county soil and water conservation districts

§ 51-33-127. Procedures for transfer of drainage district attributes to county soil and water conservation district; dissolution of drainage district; continuation of maintenance and operation of existing structures