Whenever the board of commissioners of a joint agency and the utility commissions of its member municipalities shall by resolution or ordinance determine that the purposes for which the joint agency was formed have been substantially fulfilled and that all bonds theretofore issued and all other obligations theretofore incurred by the joint agency have been fully paid or satisfied, such board of commissioners and utility commissions may declare the joint agency to be dissolved. On the effective date of such resolution or ordinance, the title to all funds and other property owned by the joint agency at the time of such dissolution shall vest in the member municipalities of the joint agency as provided in this article and the bylaws of the joint agency.
Structure Mississippi Code
Title 77 - Public Utilities and Carriers
Article 15 - Joint municipal electric power
§ 77-5-703. Declaration of purpose
§ 77-5-707. Powers of municipality; determining power and energy needs; filing of determination
§ 77-5-711. Sale or exchange by municipality of excess capacity or output
§ 77-5-713. Application for licenses, permits, certificates or approvals
§ 77-5-719. Additional membership in joint agencies; withdrawal from membership
§ 77-5-721. Board of commissioners of joint agency; officers; quorum; voting; expenses
§ 77-5-723. Board of commissioners of joint agency; executive committee
§ 77-5-725. Rights and powers of joint agencies
§ 77-5-729. Member municipalities may contract to buy power from joint agencies
§ 77-5-731. Sale or exchange by joint agency of excess capacity or output
§ 77-5-735. Exemption from laws relating to competitive bidding
§ 77-5-737. Joint agency pledge bonds
§ 77-5-739. Issuance of bonds by municipalities and joint agencies
§ 77-5-743. Fixing, charging and collecting rents, fees, rates and charges; municipalities
§ 77-5-745. Fixing, charging and collecting rents, fees, rates and charges; joint agencies
§ 77-5-747. Pledges made by municipalities or joint agencies
§ 77-5-749. Temporary investment and reinvestment of money
§ 77-5-751. Proceedings to enforce rights of holders of bonds
§ 77-5-753. Bonds issued under this article as proper and legal investments
§ 77-5-755. Bonds issued as special obligations of municipality or joint agency issuing them
§ 77-5-759. Tax exempt status; bonds
§ 77-5-761. Tax exempt status; interest in project owned by municipality or joint agency
§ 77-5-763. Rights, privileges and immunities of personnel
§ 77-5-765. Dissolution of joint agencies
§ 77-5-767. Annual reports; joint agencies; municipalities
§ 77-5-769. Application of laws of other states and the United States
§ 77-5-771. Grants-in-aid and loans from federal and state governments
§ 77-5-773. Eminent domain; crossing lines and rights-of-way of utilities
§ 77-5-775. Personal liability of certain personnel