A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled.
Structure Mississippi Code
Title 77 - Public Utilities and Carriers
Article 5 - Electric Power Associations
§ 77-5-205. Formation of non-profit corporations authorized
§ 77-5-207. Contents of certificate of incorporation
§ 77-5-209. Prohibition on use of words "electric power association" and "electric cooperative."
§ 77-5-211. Execution and filing of certificate of incorporation
§ 77-5-213. Chartering existing corporations under this article
§ 77-5-215. Amendment of certificate of incorporation
§ 77-5-217. Consolidation of corporations
§ 77-5-219. Dissolution of corporation
§ 77-5-221. Board of directors
§ 77-5-223. Powers of board of directors
§ 77-5-225. Membership in corporation
§ 77-5-227. Certificate of membership; voting
§ 77-5-229. General powers of corporation
§ 77-5-233. Operations outside of state authorized
§ 77-5-245. Purchase and cancellation of bonds
§ 77-5-247. Monies of corporations
§ 77-5-249. Corporations and their property subject to taxation
§ 77-5-251. Construction of article; article complete in itself