If and when the certificate is issued, the board therein shall fix and determine: (1) The extent and the amount to which the municipality may issue bonds or make expenditures for such development; (2) what property may be acquired therefor; (3) the terms upon which such acquisition may be had; (4) what expenditures may be made to properly develop said property into a "standard" industrial park or district; and, (5) the method of operation of said industrial park by the municipality.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 5 - Industrial Parks and Districts
§ 57-5-1. Declaration of public policy
§ 57-5-3. Encouragement of establishment of parks
§ 57-5-5. Establishment of minimum requirements for industrial park or district
§ 57-5-9. Determination of necessity for establishment of industrial park or district
§ 57-5-11. Application for certificate by municipality; hearings on application
§ 57-5-15. Terms and conditions of certificate
§ 57-5-17. Creation of park or district by municipalities or counties acting jointly
§ 57-5-19. Rules and regulations; laws governing bonds and elections
§ 57-5-23. Certificate as evidence of authority to exercise power of eminent domain