Mississippi Code
Chapter 7 - Bridge and Park Commissions
§ 55-7-37. Division of ad valorem taxes on commission's property

Any ad valorem taxes levied each year by or for the benefit of any city, county, city and county, district, or other public corporation (hereinafter sometimes called "taxing agencies"), upon any real property which is acquired by the commission and leased or sold to private persons or corporations pursuant to Section 55-7-21, after the date of acquisition of said real property by the commission, shall be divided as follows:
In any proceedings for the issuance of any bonds or securities by the commission to finance or refinance, in whole or in part, any activities under this chapter, the portion of the taxes mentioned in paragraph No. (2), may be irrevocably pledged for the payment of the principal of and interest on said bonds or securities.

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