Any municipality issuing bonds or other obligations pursuant to this article by resolution or resolutions duly adopted, is hereby given authority to execute and deliver a mortgage or deed of trust, in such form, with such validity and with such remedies as at present authorized under the laws of the State of Mississippi, on any or all properties, improvements and facilities, the acquisition, construction, maintenance and/or operation of which are provided for by this article. Such resolution or resolutions of said municipality shall prescribe the provisions, covenants and conditions of any such mortgage or deed of trust. Such provisions, covenants and conditions, if not self-executing, may be enforced by appropriate proceedings, either in law or in equity.
Structure Mississippi Code
Title 59 - Ports, Harbors, Landings and Watercraft
Chapter 7 - County and Municipal Harbors
Article 9 - Additional Cumulative Provisions
§ 59-7-401. Construction and effect of article
§ 59-7-403. Levy of ad valorem tax in certain counties; disposition of proceeds of tax
§ 59-7-409. Meetings of commission; officers
§ 59-7-411. Duties of commission generally; employees
§ 59-7-415. Authorization of issuance of bonds by municipalities; audit and inspection of accounts
§ 59-7-419. Disposition of proceeds of bonds; penalties for diversion; guarantee of payment
§ 59-7-421. Mortgage or deed of trust securing bonds
§ 59-7-425. Exemption from taxation of bonds
§ 59-7-427. Powers of municipality with respect to issuance of bonds