51-9-159 - Preliminary expenses. - Mississippi Statutes

§ 51-9-159. Preliminary expenses.
 

Any municipality or county which is within the territorial limits of the district may advance funds to said district to pay the preliminary expenses, including engineers' reports, organization, or administration expenses, on such terms of repayment as the governing body of such municipality or county shall determine. Notwithstanding the provisions of any law to the contrary, such municipality or county is authorized and empowered to borrow money for a period not to exceed one year from the date of such borrowing, for the purpose of making such advances. The board of directors is hereby authorized to repay any such advances from the proceeds of any bonds issued under the provisions of this article. 
 

Sources: Codes, 1942, § 5956-80; Laws,  1958, ch. 197, § 30, eff from and after passage (approved May 5, 1958).