Mississippi Code
Chapter 23 - Mississippi Veterans Memorial Stadium
§ 55-23-25. Issuance of bonds for enlargement and renovation of stadium; amount of bond issue; payment of principal and interest on bonds; details and execution of bonds

Upon receipt of a sum of One Million Dollars ($1,000,000.00) from the Board of Supervisors of Hinds County, the Building Commission is authorized at one (1) time or from time to time to petition by resolution to the State Bond Commission for the issuance of negotiable bonds of the State of Mississippi by the State Bond Commission to provide funds for the purpose of paying all or any part of the cost of enlarging and renovating the Mississippi Veterans Memorial Stadium in accordance with the provisions of Sections 55-23-21 through 55-23-43. The amounts of bonds issued shall not exceed an aggregate sum of Three Million Dollars ($3,000,000.00).
The principal of and the interest on such bonds shall be payable from the Mississippi Veterans Memorial Stadium Bond Sinking Fund, hereby created in the State Treasury, in the manner hereinafter set forth. Such bonds shall bear date or dates, be in such denomination or denominations, bear interest at such rate or rates, be payable at such place or places within or without the State of Mississippi, shall mature absolutely at such time or times, be redeemable prior to maturity at such time or times and upon such terms, with or without premium, shall bear such registration privileges, and shall be substantially in such form, all as shall be determined by resolution of the State Bond Commission. Provided, however, that such bonds shall mature or otherwise be retired in annual installments beginning not more than five (5) years from date thereof and extending not more than twenty-five (25) years from date thereof. Such bonds shall be signed by the Chairman of the State Bond Commission, or by his facsimile signature, and the official seal of the State Bond Commission shall be affixed thereto, attested by the Secretary of the State Bond Commission. The interest coupons to be attached to such bonds may be executed by the facsimile signatures of said officers. Whenever any such bonds shall have been signed by the officials herein designated to sign the bonds, who were in the office at the time of such signing but who may have ceased to be such officers prior to the sale and delivery of such bonds, or who may not have been in office on the date such bonds may bear, the signatures of such officers upon such bonds and coupons shall nevertheless be valid and sufficient for all purposes and have the same effect as if the person so officially signing such bonds had remained in office until the delivery of the same to the purchaser, or had been in office on the date such bonds may bear.

Structure Mississippi Code

Mississippi Code

Title 55 - Parks and Recreation

Chapter 23 - Mississippi Veterans Memorial Stadium

§ 55-23-1. Legislative findings and declaration of intent

§ 55-23-3. Short title of Sections 55-23-3 through 55-23-11

§ 55-23-5. Creation of Mississippi Veterans Memorial Stadium Commission; composition; qualifications, appointment, terms of office and compensation of members; officers; quorum; director

§ 55-23-7. Construction, renovation, repair and reconstruction of facilities and property of stadium

§ 55-23-9. Possession, operation, maintenance, and improvement of stadium by Jackson State University; existing contracts to be transferred to, acknowledged and complied with by Jackson State University; monies and revenues to be retained by Jackson...

§ 55-23-11. Promulgation of rules and regulations governing use of lands and facilities

§ 55-23-13. Maintenance of stadium driveways

§ 55-23-15. Use of state-owned lands for public parking facilities

§ 55-23-17. Penalties

§ 55-23-19. Maintenance of parking facilities; exemption from fees

§ 55-23-21. Enlargement and renovation of stadium generally; public parking facilities

§ 55-23-23. Contribution by Hinds County to enlargement and renovation of stadium

§ 55-23-25. Issuance of bonds for enlargement and renovation of stadium; amount of bond issue; payment of principal and interest on bonds; details and execution of bonds

§ 55-23-27. Negotiability of bonds; exemption from taxation

§ 55-23-29. Sale of bonds; interest on bonds; redemption of bonds

§ 55-23-31. Security for payment of bonds

§ 55-23-37. Issuance of warrants for payment of bonds

§ 55-23-39. Proceedings for issuance of bonds; validation of bonds

§ 55-23-41. Mississippi Memorial Stadium Construction Fund; use of Hinds County funds

§ 55-23-43. Employment of architects, engineers, etc.; letting of contracts; payment of stadium enlargement and renovation expenses pursuant to Sections 55-23-21 through 55-23-43

§ 55-23-45. Authorization of repair, remodeling and enlargement of stadium; public parking facilities

§ 55-23-47. Provisions governing repair, remodeling and enlargement of stadium

§ 55-23-49. Funding of repair, remodeling and enlargement of stadium

§ 55-23-51. Designation of athletic field as "A.C. (Butch) Lambert Field."

§ 55-23-53. Scheduling of football games at stadium