59-15-15 - Mortgage or deed of trust. - Mississippi Statutes

§ 59-15-15. Mortgage or deed of trust.
 

Any municipality issuing bonds or other obligations pursuant to this chapter by resolution or resolutions duly adopted, is hereby given authority to execute and deliver a mortgage or deed of trust on any or all lands, properties, improvements and facilities, the acquisition, construction, maintenance or operation of which are provided for by this chapter. Such resolution or resolutions of such municipality shall prescribe the provisions, covenants and conditions of any such mortgage or deed of trust. Such provisions, covenants and conditions, if not self-executing, may be enforced by appropriate proceedings, either in law or in equity. 
 

Sources: Codes, 1942, § 7622; Laws,  1935, ch. 63.