Mississippi Code
Chapter 33 - Sea Walls
§ 65-33-65. Sinking fund for refunding bonds

The fact of the issuance and delivery of refunding bonds hereunder shall be certified by the clerk of the board of supervisors to the state Treasurer, who shall immediately register such bonds in a suitable bond register. Thereafter, the revenues and taxes which would otherwise be paid into the county treasury of such county for the payment of road protection and seawall bonds and interest thereon under the provisions of Section 65-33-45, shall be paid by the official collecting such taxes into the state treasury on a proper receive warrant of the state auditor to the credit of such county in a special fund to be designated "interest and sinking fund for road protection and seawall bonds of_______________County, Mississippi," which fund shall be held and shall be applied by the state treasurer in the payment of interest accruing on such refunding bonds and the principal thereof at maturity, according to law. In the event that less than all of outstanding bonds payable under the provisions of this chapter shall be refunded as herein provided, then and in that event there shall be paid into the state treasury, for the credit of the aforesaid interest and sinking fund, only the proportion of the revenues and taxes as the amount of refunding bonds issued and outstanding bears to the total amount of outstanding bonds payable from the revenues herein referred to.

Structure Mississippi Code

Mississippi Code

Title 65 - Highways, Bridges and Ferries

Chapter 33 - Sea Walls

§ 65-33-1. Certain counties may erect sea walls and issue bonds

§ 65-33-3. Definitions

§ 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

§ 65-33-53. Additional funds

§ 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

§ 65-33-69. Fees and expenses for refunding bonds

§ 65-33-71. Full authority and powers conferred