It is hereby declared that the state public welfare demands, and the state public policy requires:
That a balanced economic development of this state is essential.
That the present and prospective health, safety, morals, pursuit of happiness, right of gainful employment and the general welfare of the citizens demand as a public purpose, the development within Mississippi of commercial, industrial, agricultural and manufacturing enterprises, herein called "enterprises" by the several counties, supervisors districts and municipalities, all herein called "municipalities."
That the means and measures herein authorized to promote said enterprises are as a matter of public policy, for the public purposes of the several counties, supervisors districts, municipalities, and of the State of Mississippi.
That the present and prospective promotion of health, safety, morals, pursuit of happiness, right to gainful employment, and the general welfare of the state requires that herein and hereby authorized, and to that end the provisions hereof will help afford ready and attractive markets for farm and garden products, for the development of natural resources, and for the conversion of raw materials of farm, mine and forest into finished products for the general welfare of each of said municipalities, and of the entire people of the state.
That the accomplishment of the things herein authorized to be done by the several municipalities will give to them local benefits peculiar to each, and will accomplish the purposes set forth in this section.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 3 - Agriculture and Industry Program
§ 57-3-1. Statement of legislative policy
§ 57-3-3. Legislative intent; requirement of certificate
§ 57-3-7. Construction of chapter
§ 57-3-9. Additional powers conferred on municipalities
§ 57-3-11. Requirement of bond issue election
§ 57-3-15. Conduct of election; form of ballot
§ 57-3-17. Determination of results of election; time period for issuance of bonds
§ 57-3-21. Security for payment of bonds
§ 57-3-23. Requirements respecting lease of projects
§ 57-3-27. Use of proceeds from sale of bonds
§ 57-3-29. Contribution by municipalities to projects; acceptance of donations by municipalities
§ 57-3-31. Investment in bonds
§ 57-3-33. Exemption from taxation of bonds, etc.; time limit for ad valorem tax exemption