SEC. 51-23-31. Validation of bonds.

All bonds issued pursuant to this chapter shall be validated as now provided by law of sections 31-13-1 to 31-13-11, Mississippi Code of 1972. The services of the state's bond attorney may be employed in the preparation of such bond resolutions, forms, or proceedings as may be necessary, for which he shall be paid a reasonable fee. Such validation proceedings shall be instituted in the chancery court of the county in which the principal office of the district is located, but notice of such validation proceedings shall be published at least two times in a newspaper of general circulation in each of the counties comprising the Lower Yazoo River Basin District, the first publication of which in each case shall be made at least ten days preceding the date set for the validation.

SOURCES: Codes, 1942, Sec. 5956-372; Laws, 1968, ch. 268, Sec. 6, eff from and after passage (approved August 7, 1968).

1997 Amendment

 SECTION 8. Sections 51-23-19, 51-23-21, 51-23-23, 51-23-25, 51-23-27, 51-23-29, 51-23-31, 51-23-33, 51-23-35, 51-23-37, 51-23-39, 51-23-41, 51-23-43, 51-23-45, 51-23-47 and 51-23-49, Mississippi Code of 1972, which place certain requirements on the issuance of construction contracts, authorize the district to provide park and recreation facilities, authorize the board of directors to adopt rules and regulations and to designate depositories for district funds, authorize the board of directors to issue bonds and notes, provide for a limitation on the amount on and for validation of bonds and notes, authorize the board of directors to enter into trust agreements and to issue refunding bonds, declare bonds as legal investments, provide for certain agreements, cooperation with other government agencies and severability, exempt the district and its bonds from taxation and provide the intent of the Legislature regarding overflow of school lands, are repealed.

SOURCE: 1997 Laws, Chapter 403, Sec. 8, SB2937, Effective July 1, 1997.