All moneys received from any bridge revenue bond issued pursuant to this article shall be applied solely to the payment of the cost of the bridge or bridges, or to the appurtenant sinking fund, and there is hereby created and granted a lien upon such moneys until so applied, in favor of the holders of such bonds or the trustee hereinafter provided in respect of such bonds.
Structure Mississippi Code
Title 65 - Highways, Bridges and Ferries
Chapter 23 - Bridges; Boundary and Other Waters
Article 7 - Pearl River Bridges
§ 65-23-303. Legislative determination
§ 65-23-305. Construction by certain counties authorized
§ 65-23-309. Acquisition of rights of way
§ 65-23-311. Issuance of bonds authorized
§ 65-23-313. Application of bond proceeds
§ 65-23-315. Trust indenture authorized
§ 65-23-317. Application of tolls and charges
§ 65-23-319. Bridges toll-free after bonds retired
§ 65-23-321. Enforcement of bondholders' rights
§ 65-23-323. Grants and preliminary loans
§ 65-23-325. Powers and duties of governing bodies of counties issuing bonds
§ 65-23-329. Construction and operation of article
§ 65-23-331. Bonds not limited by issuing county's valuation of taxable property