The accomplishment of the purposes stated in this article being for the benefit of the people of this state and for the improvement of their properties and industries, the district in carrying out the purposes of this article will be performing an essential public function and shall not be required to pay any tax or assessment on the project and related facilities or any part thereof, and the interest on the bonds issued hereunder shall at all times be free from taxation within this state. The state hereby covenants with the holders of any bonds to be issued hereunder that the Pearl River Valley Water Supply District shall not be required to pay any taxes or assessments imposed by the state or any of its political subdivisions or taxing districts.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Article 3 - Pearl River Valley Water Supply District
§ 51-9-101. Citation of article
§ 51-9-103. Legislative determination and declaration of policy
§ 51-9-105. General authority to organize
§ 51-9-107. Board of directors
§ 51-9-109. Petition for creation of district
§ 51-9-111. Proceedings after petition filed
§ 51-9-115. Order and notice of election
§ 51-9-121. Powers of district
§ 51-9-123. Construction contracts
§ 51-9-125. Park and recreation facilities
§ 51-9-127. Rules and regulations
§ 51-9-129. Appropriation permit
§ 51-9-131. State tax used for water supply district fund
§ 51-9-133. Board of directors to issue bonds
§ 51-9-135. Details of bonds; supplemental powers conferred in issuance of bonds
§ 51-9-137. Limitation on amount of bonds
§ 51-9-139. Special tax levy for payment of bonds
§ 51-9-141. Validation of bonds
§ 51-9-147. Bonds to be legal investments
§ 51-9-151. Agreements relative to federal highways
§ 51-9-153. Cooperation with other governmental agencies
§ 51-9-155. Water supply district law controlling
§ 51-9-157. District and its bonds exempt from taxation
§ 51-9-159. Preliminary expenses
§ 51-9-161. Overflow of school lands not to constitute waste