51-29-155 - Lien of outstanding obligations not impaired by consolidation. - Mississippi Statutes

§ 51-29-155. Lien of outstanding obligations not impaired by consolidation.
 

Nothing in Sections 51-29-145 through 51-29-157, nor in any proceedings had under the provisions thereof, shall have the effect of impairing, releasing, or abrogating the lien of the principal of, or interest on, any outstanding bonds, notes, or other obligations of any of the said several drainage districts referred to herein. Such liens are hereby expressly retained and preserved, and the property of any of said drainage districts having any such bonds, notes, or other obligations outstanding at the time of said consolidation shall continue and remain liable for taxation as theretofore for the payment thereof as the same mature and become due. It shall be the duty of said board of commissioners of said consolidated district annually to cause to be levied taxes against said property in any such district, sufficient to pay and discharge any such bonds, notes, or other obligations of such district as they mature and become due. 
 

Sources: Codes, 1942, § 4752-06; Laws,  1950, ch. 430, § 6.