The bridge and park commission, in the issuance of any bonds or securities pursuant to its authority under this chapter, or any other statute, may, in its discretion, authorize and have inserted in such bonds or securities a provision to the effect that such bonds or securities shall constitute a lien upon all or any specified portion of the property which the commission is authorized to transfer, convey or sell to private individuals, with right of foreclosure of such lien to be vested in the holder or holders of such securities or bonds, upon terms and conditions such as may be approved by said commission and set out in such securities or bonds, and such provisions thus approved and inserted therein shall constitute and effect a valid lien on the property as specified. Further, all or any part of the proceeds from the authorized transfer, conveyance or sale of lots or other property of the commission to private individuals may be pledged by the commission, in its discretion, as security for any bonds or other securities lawfully issued or to be issued by it, upon such terms and conditions as said commission may provide.
Structure Mississippi Code
Title 55 - Parks and Recreation
Chapter 7 - Bridge and Park Commissions
§ 55-7-3. General grant of authority to certain municipalities and counties
§ 55-7-9. Compensation of members of commission
§ 55-7-11. General powers of commission
§ 55-7-13. Acquisition of lands by commission; authorization
§ 55-7-15. Acquisition of lands by commission; confirmation of title to submerged lands
§ 55-7-17. Construction, operation, etc., of bridges, ferries, causeways, and tunnels by commission
§ 55-7-19. Improvement, etc., of lands acquired by commission
§ 55-7-25. Employment of personnel by commission
§ 55-7-27. Dredging, etc., of channels
§ 55-7-29. Acceptance of federal aid and assistance
§ 55-7-31. Disposition of revenues of commission
§ 55-7-33. Issuance of bonds by commission generally
§ 55-7-35. Imposition of tax levy for payment of bonds
§ 55-7-37. Division of ad valorem taxes on commission's property
§ 55-7-39. Details of bonds; execution and sale of bonds
§ 55-7-41. Security for payment of bonds generally
§ 55-7-45. Pledge of or payments from revenue derived through Section 65-33-45
§ 55-7-47. Validation of bonds
§ 55-7-49. Rates, fees, charges, and tolls for services or use of facilities
§ 55-7-51. Enforcement of rights of bondholders
§ 55-7-53. Incorporation of islands into municipality
§ 55-7-55. Cooperation with other state entities
§ 55-7-57. Construction of chapter; authority and powers conferred
§ 55-7-59. Construction of chapter; cumulative and supplemental; repeal or impairment of other laws