All powers of the highway and street revenue bond authority shall be exercised by a board of trustees, to be composed as follows:
Two members of the board of trustees shall be appointed by the board of supervisors. These two members shall be qualified electors who reside within the supervisors district in which the facility is located.
One member of the board of trustees shall be appointed by the board of supervisors and shall be a qualified elector not a resident of the supervisors district in which is located the proposed facility.
Any municipality joining the authority, either during organization or afterwards, shall appoint two members of the board of trustees who shall be qualified electors in the municipality appointing them.
One of the members of the board of trustees appointed under (a) above and one of the members of the board of trustees appointed under (c) above shall be appointed for an initial term of five years, but all other appointments shall be for a term of four years, or until appropriate successors in office have been appointed and have accepted appointment.
At any time the membership of a board of trustees composed as outlined herein is of an equal number, the trustees themselves shall select, from any part of the county, one member at large who shall have all the rights and privileges as any other member and who shall serve for a period of four years.
Members of the board of trustees of the authority may succeed themselves.
No member shall be appointed by the board of supervisors who is not a qualified elector and bona fide resident of the county.
Structure Mississippi Code
Title 65 - Highways, Bridges and Ferries
Chapter 13 - Highway and Street Revenue Bond Authority
§ 65-13-5. Legislative determination
§ 65-13-9. Certain governmental bodies empowered to create or join authority
§ 65-13-11. Petition for creation of authority
§ 65-13-13. Notice of public hearing on petition
§ 65-13-15. Finding of public convenience and necessity
§ 65-13-17. Publication of resolution declaring intent to create authority
§ 65-13-19. Protest petition and election
§ 65-13-23. Appeals to circuit court
§ 65-13-29. Compensation of trustees
§ 65-13-31. Powers of the authority
§ 65-13-33. Authority to issue bonds
§ 65-13-35. Security for bonds
§ 65-13-37. General provisions for bonds
§ 65-13-39. Validation of bonds
§ 65-13-41. Bonds as legal investments for public funds
§ 65-13-43. Levy of assessments in lieu of tolls
§ 65-13-45. Authority may act jointly with other governmental bodies
§ 65-13-47. Bond interest tax exempt
§ 65-13-49. Construction contracts
§ 65-13-51. Designation of depository
§ 65-13-53. Cessation of tolls or assessments
§ 65-13-55. Authority's procedures to conform to constitutions