Bonds issued under the authority of Sections 65-33-57 and 65-33-59 shall be full faith and credit obligations of the county issuing the same; shall mature within fifteen years of their date of issuance in such annual maturities and denominations as the board of supervisors may direct; shall bear interest at a rate not to exceed five and one half per centum per annum, payable semiannually; may be issued without notice or an election therefor; and shall not be subject to any limitation relative to amount of bonded debt. Such bonds and the interest thereon shall be payable both as to principal and interest from the same sources of revenue and taxes made available for the payment of road protection bonds under the provisions of this chapter. Nothing herein contained shall be construed to affect any of the provisions of House Bill No. 287 [ch. 130] as enacted at the Regular 1938 Session of the Mississippi Legislature.
Structure Mississippi Code
Title 65 - Highways, Bridges and Ferries
§ 65-33-1. Certain counties may erect sea walls and issue bonds
§ 65-33-5. Preliminary steps to sea wall program
§ 65-33-7. Details of revenue bond issue
§ 65-33-9. Mortgage indenture for additional bonds
§ 65-33-11. Causeway or bridge to island
§ 65-33-13. Payment of bonds and maintenance costs
§ 65-33-15. Supplemental powers
§ 65-33-17. Federal aid; bonds authorized to match
§ 65-33-19. Federal aid; notice; election
§ 65-33-21. Federal aid; terms of bonds; payment; debt limit not applicable
§ 65-33-23. Boards of supervisors may exercise right of eminent domain
§ 65-33-25. Machinery and engineer
§ 65-33-27. Road protection commission
§ 65-33-29. Organization and tenure of protection commission
§ 65-33-31. Damages for land taken
§ 65-33-33. Review by circuit court on appeal
§ 65-33-35. Preliminary expenses to be paid out of general fund
§ 65-33-37. Pro rata share of expenses
§ 65-33-39. County may borrow money to pay bonds
§ 65-33-41. Special tax may be levied
§ 65-33-43. Privilege tax on automobile driver may be levied and collected
§ 65-33-45. Motor vehicle license taxes used
§ 65-33-47. Sea wall tax authorized
§ 65-33-49. Extension, construction, and repair
§ 65-33-51. Authority for certain counties to borrow money and to receive federal aid
§ 65-33-55. Additional counties authorized to borrow money and receive federal aid
§ 65-33-57. New bonds authorized to cancel sinking fund obligations
§ 65-33-59. Terms of new bonds
§ 65-33-61. Refunding bonded indebtedness
§ 65-33-63. Refunding bonds; interest; form; maturity
§ 65-33-65. Sinking fund for refunding bonds
§ 65-33-67. Tax levy to finance refunding bonds