Bonds issued by a municipality or the authority under the provisions of Sections 77-6-29 through 77-6-57 are hereby made securities in which all public officers and agencies of the state and all political subdivisions, all insurance companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any officer or agency of the state or any political subdivision for any purpose for which the deposit of bonds or obligations of the state or any political subdivision is now or may hereafter be authorized by law.
Structure Mississippi Code
Title 77 - Public Utilities and Carriers
Chapter 6 - Municipal Gas Authority of Mississippi Law
§ 77-6-9. Membership in authority after its creation; withdrawal
§ 77-6-11. Board of commissioners
§ 77-6-13. Executive committee of board of commissioners
§ 77-6-15. Rights and powers of authority
§ 77-6-19. Municipalities that may contract with authority
§ 77-6-21. Contracts to buy gas from authority
§ 77-6-23. Excess capacity or output may be sold or exchanged
§ 77-6-25. Provisions to be construed as authorizing joint and several ownership of projects
§ 77-6-27. Acquisition of property; contract requirements
§ 77-6-29. Power to issue revenue bonds
§ 77-6-31. Revenue bonds; powers and duties
§ 77-6-35. Rents, rates, fees and charges by municipality
§ 77-6-37. Rents, rates, fees and charges by authority
§ 77-6-39. Pledge of municipality or authority valid and binding when made
§ 77-6-41. Investment of all monies received
§ 77-6-43. Rights of holders of bonds
§ 77-6-45. Bonds to be securities
§ 77-6-47. Obligations of issuing municipality or authority
§ 77-6-51. Evidence of indebtedness to be considered negotiable instruments
§ 77-6-55. Exemption from taxation
§ 77-6-57. Dissolution of board of commissioners
§ 77-6-59. Annual reports; audits
§ 77-6-61. Application of laws of other states
§ 77-6-63. Grants and loans authorized
§ 77-6-67. Where utility commission and municipality have same governing authorities
§ 77-6-69. Provisions supplemental to other laws
§ 77-6-73. Provisions to be liberally construed
§ 77-6-75. Members of legislature to have no interest in bonds