If a majority of the qualified voters who vote in such election vote "for the issuance of electric plant bonds," the governing body of the municipality shall proceed to issue the bonds described in the election resolution. If no such majority so assents, the proposition thus defeated shall not again be the subject of an election until three months shall have expired from the time the election relative to such bonds was held.
Structure Mississippi Code
Title 77 - Public Utilities and Carriers
Article 9 - Local Governmental Power Development Under Laws of 1936
§ 77-5-405. Powers of municipalities
§ 77-5-407. Issuance of bonds; election resolution and election procedure
§ 77-5-409. Effect of election
§ 77-5-415. Securing payment of bonds
§ 77-5-417. Rights and remedies of bondholders
§ 77-5-419. Additional rights and remedies of bondholders may be conferred by resolution
§ 77-5-421. Debt limitations are inapplicable
§ 77-5-423. Payment of preliminary expenses
§ 77-5-425. Board of public utilities; appointment and terms of members
§ 77-5-431. Electric plant fund
§ 77-5-433. Disposition of moneys received from the issuance of bonds
§ 77-5-435. Disposition of revenues
§ 77-5-437. Payment for services rendered to municipalities and departments and works thereof
§ 77-5-439. Records and reports of the board of public utilities
§ 77-5-441. Exercise of power of eminent domain by municipality
§ 77-5-443. Use of certain rights of way; payment of indebtedness
§ 77-5-445. Election for disposition of electric plant
§ 77-5-447. Construction of article; article supplemental and additional to existing law