SEC. 51-35-147. Bonds and warrants.

All official bonds required by this article shall be payable to the said district and shall be approved by the president of the board. Every warrant issued by said district shall show upon its face to whom the amount is payable and the purpose for which it is issued. Such warrants shall be dated and numbered consecutively in a record to be kept by the board of commissioners showing the dates, number, and amount of each warrant. No warrant shall be issued unless there is in the treasury funds sufficient to pay it and all of the outstanding warrants previously issued. No warrant shall be increased by reason of any depreciation in the market value thereof.

All fidelity, surety, and contractor's bonds provided by this article shall be made by surety companies authorized to do business in the state, and the fees in connection with the bonds of the commissioners, engineer, and secretary and treasurer shall be paid by the district.

SOURCES: Codes, 1942, Sec. 4797; Laws, 1936, ch. 188, Sec. 27.

1997 Amendment

SECTION 11. Sections 51-35-147, 51-35-149, 51-35-151, 51-35-153, 51-35-155, 51-35-157, 51-35-159, 51-35-161, 51-35-163, 51-35-165, 51-35-167, 51-35-169, 51-35-171, 51-35-173, 51-35-175, 51-35-177, 51-35-179, 51-35-181, 51-35-183, 51-35-185, 51-35-187, 51-35-189, 51-35-191 and 51-35-193, Mississippi Code of 1972, which authorize the use of bonds and warrants, create an executive committee of the board, define the liability of a commissioner, require the adoption and allow the alteration of a flood control plan, authorize the board to charge preliminary expenses against property, to enter onto property, to acquire lands, to cooperate in the construction and maintenance of and to construct certain structures, to exercise eminent domain rights, to enlarge or combine districts, to borrow money for certain purposes and to fix, levy and provide for the collection of ad valorem taxes for certain purposes, allow sale of property for delinquent taxes, provide for an appeal from actions under this article, and authorize hearings before a special commissioner appointed by the chancellor, reimbursement of expenses of a chancellor and acceptance of reimbursements for amounts advanced for expenditure under an official plan, are repealed.

SOURCE: 1997 Laws, Chapter 403, Sec. 11, SB2937, Effective July 1, 1997.