SEC. 59-3-37. Operation and maintenance pursuant to terms of Act of Congress.

Any public or private corporation authorized by sections 59-3-31 to 59-3-37 to make application for the privilege of establishing, operating and maintaining such foreign-trade zone, whose application is granted pursuant to the terms of the Act of Congress referred to in section 59-3-33, is hereby authorized to establish such foreign-trade zone and to operate and maintain the same, subject to the conditions and restrictions of said Act of Congress, and any amendments thereto, and under such rules and regulations and for the period of time that may be prescribed by the board established by said Act of Congress to carry out the provisions of said Act of Congress.

SOURCES: Codes, 1942, Sec. 7564-44; Laws, 1966, ch. 288, Sec. 4, eff from and after passage (approved June 14, 1966).

1997 Amendment

 SECTION 1. Section 59-5-37, Mississippi Code of 1972, is amended as follows:

 59-5-37. The board or State Port Authority, in the performance of its duties, may employ such personnel and make all contracts and purchases incidental to or necessary for the advancement, promotion, development, establishment, insurance, maintenance, repair, improvement and operation of any ports, harbors, rivers, channels and waterways including, if required for its protection, retirement benefits, workers' compensation insurance and other employee benefits for the benefit of any employees of the board or State Port Authority. The board or State Port Authority may establish a trade development and promotion account to pay all direct and necessary expenses for the promotion and development of the state port. The authority is granted the power to sue and be sued in its own name.

 The board or State Port Authority may, in its discretion, make such contracts or purchases without the necessity of prior advertisement or public bids, provided such contracts or purchases do not involve expenditure of sums in excess of Five Thousand Dollars ($5,000.00); and any other contracts let for any port, harbor, river, channel or waterway improvements shall be advertised as required by law for the letting of public contracts, and such contracts shall be awarded to the lowest and best bidder who shall make bond as shall be required by the board or State Port Authority conditioned for the faithful prosecution and completion of work according to such contracts, such bond to be furnished by a corporate surety company qualified to do business in this state. Except, however, that the board may negotiate and enter into contracts with responsible lessees for the construction of facilities by lessees, such as those referred to in Section 59-5-11, and the acquisition thereof by the board upon such terms and conditions and for such amount as may be approved by the board.

SOURCE: 1997 Laws, Chapter 401, Sec. 1, SB2785, Effective Ap-March 18, 1997.