The proceeds of any bonds issued by any county pursuant to the provisions of this article shall be placed in the county treasury or depository, if there be one, in a special fund and shall be expended by the board of supervisors of such county for the purpose or purposes for which the bonds were authorized to be issued, and for no other. If the board of supervisors of any such county or any member thereof or any other officer shall willfully divert or aid or assist in diverting any such fund, or any part thereof, to any purpose other than that for which such bonds were authorized to be issued, such person shall be guilty of a felony and, upon conviction, shall be punished by imprisonment in the state penitentiary for a term not exceeding five years and, in addition, shall be liable personally on his official bond for the amount so diverted. Any member of such board of supervisors may escape the penalty herein provided for by having his vote recorded in the negative on any illegal diversion of the proceeds of such bonds.
Structure Mississippi Code
Title 59 - Ports, Harbors, Landings and Watercraft
Chapter 7 - County and Municipal Harbors
Article 3 - Supplementary Provisions
§ 59-7-101. Nature and application of article
§ 59-7-103. Port fund; procedure for bringing county within provisions of article
§ 59-7-105. Issuance of bonds by board of supervisors
§ 59-7-107. Details of bonds; supplemental powers and authorizations as to bond issues
§ 59-7-109. Maturities of bonds; interest
§ 59-7-113. Resolution of intention to issue bonds; bond issue election generally
§ 59-7-115. Notice of election on bond issue
§ 59-7-119. Duties of board of supervisors as to elections
§ 59-7-121. Disposition of proceeds of bond issues; penalties for diversion
§ 59-7-123. Transfer of proceeds of bond issue to port bonds interest and sinking fund
§ 59-7-127. Meetings; officers
§ 59-7-129. Powers and duties of commission generally
§ 59-7-131. Recommendations by commission as to expenditure of funds