After the creation of the authority, any other municipality may become a member thereof upon application to such authority after the adoption of a resolution by the utility commission of the municipality setting forth the determination and finding prescribed in Section 77-6-7, and the adoption by the governing authorities of the municipality of a resolution or ordinance ratifying the determination of the utility commission and authorizing said municipality to participate, and with the majority consent of the members of the authority evidenced by the resolutions of their respective utility commissions. Any municipality may withdraw from the authority, provided that all contractual rights acquired and obligations incurred while a municipality was a member shall remain in full force and effect. The withdrawing municipality shall continue to honor its obligations entered into while a member of the authority.
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