The municipality joining with another municipality which has already received a certificate of convenience and necessity shall have an undivided interest in the enterprise in the same proportion as the amount of bonds issued by such municipality bears to the total bonds issued by both municipalities in the establishment of such enterprise.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 1 - Mississippi Development Authority
Joinder With Adjoining Supervisors District Which Has Certificate of Necessity and Convenience
§ 57-1-171. Definitions for Sections 57-1-171 through 57-1-179
§ 57-1-173. Application for and issuance of certificate
§ 57-1-175. Election; issuance of bonds