The carrying out of the corporate purposes of the authority is in all respects for the benefit of the people of such county and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter. Hence, any property owned or held by the authority or under its jurisdiction under the provisions of this chapter shall be exempt from all taxation in the State of Mississippi.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 31 - County Industrial Development Authorities
§ 57-31-1. Establishment; composition; qualifications, appointment, and terms of office of members
§ 57-31-3. Oath and bond of members; meetings; compensation of members
§ 57-31-7. Receipt and expenditure of county funds
§ 57-31-9. Issuance of notes or bonds generally
§ 57-31-11. Negotiability of bonds and interest coupons; exemption from taxation of bonds
§ 57-31-15. Disposition of proceeds of bonds
§ 57-31-17. Validation of bonds
§ 57-31-21. Contents of bond issue resolution
§ 57-31-23. Pledge and allocation of revenues, rents, and earnings
§ 57-31-25. Enforcement of bondholder's rights
§ 57-31-27. Bonds as legal investments and securities
§ 57-31-29. Exemption from taxation of property of authority