All moneys derived from the issuance of bonds under the provisions of this article, together with any federal grant made in connection therewith, shall be paid to the proper fiscal agent of the supervisory body. Such agent shall deposit such moneys, together with all receipts from electric service or any other operation of the supervisory body as such, in a separate bank account or accounts, separate from all other municipal funds, and shall keep adequate records of all such receipts and their sources. The fiscal agent shall pay out such moneys only on voucher signed by the superintendent. No such voucher for the payment of any such moneys shall be issued except upon the resolution or order of the supervisory body, a certified copy whereof shall be filed in the office of the fiscal agent.
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