51-33-31 - Borrowing from Farmers' Home Administration. - Mississippi Statutes

§ 51-33-31. Borrowing from Farmers' Home Administration.
 

Drainage districts already created or to be created under the laws of this state are hereby authorized and empowered to borrow money from the Farmers' Home Administration, an agency of the United States, to be used for the purposes for which said districts are created and upon such terms as may be agreed upon by the district and the Farmers' Home Administration. 
 

This section is additional and supplemental to any other statutes of this state affecting drainage districts, and the powers herein conferred affect only the authority of drainage districts to contract with the Farmers' Home Administration as herein stated. 
 

Sources: Codes, 1942, § 4606.4; Laws,  1964, 1st Ex. Sess. ch. 14.