The board of supervisors of the county or counties designated in section 59-7-1 shall place all money so retained and collected in the county depository in the county to the credit of a fund which shall be known as a port fund, and such fund so deposited shall be used only for the maintenance, construction, promotion, advertising and general advancement of the port of entry so located in said county, and the fund shall be expended by the board of supervisors of the county for the maintenance, construction, promotion, advertisement, and general advancement of any port or ports of entry in said county or counties and the payment of any outstanding bonds and interest thereon heretofore or hereafter issued for port purposes by any municipality in which said port or ports are located as hereinafter provided.
Structure Mississippi Code
Title 59 - Ports, Harbors, Landings and Watercraft
Chapter 7 - County and Municipal Harbors
Article 1 - General Provisions
§ 59-7-5. Authorization of municipal harbor improvements
§ 59-7-7. Operation of improvements; disposition of revenues; annual report
§ 59-7-9. Expenditure of funds arising under article; bonds generally
§ 59-7-11. Authorization for issuance of bonds generally
§ 59-7-13. Details of bonds; supplemental powers and authorizations for issuance of bonds
§ 59-7-15. Conduct of bond issue election generally
§ 59-7-21. Disposition of proceeds from bonds; penalty for diversion; guarantee of payment