59-17-29 - Setting aside or leasing of lands and facilities by board. - Mississippi Statutes

§ 59-17-29. Setting aside or leasing of lands and facilities by board.
 

The board, acting jointly with the state inland port authority, is authorized to set aside, or lease all or portions of any lands, roads, docks, sheds, warehouses, elevators, compresses, floating dry docks, graving docks, marine railways, tugboats, or any other necessary or useful improvements constructed or acquired by it to individuals, firms, or corporations, public or private, for port, harbor, commercial or industrial purposes for a period not to exceed ninety-nine years, or to execute a conveyance of sale, except as otherwise limited by law, on such terms and conditions and with such safeguards as would best promote and protect the public interest. Any industrial lease of lands may be executed upon such terms and conditions and for such monetary rental or other consideration as may be found adequate and approved by the board in orders or resolutions authorizing the same. Any covenants and agreements shall require the lessee to make expenditures in determined amounts, and within such time or times, for improvements to be erected upon the land, by such lessee and to conduct thereon industrial and/or other operations in such aggregate payroll amounts and for such period of time as may be determined and defined in such lease. Such instrument may contain reasonable provisions giving the lessee the right to remove its or his improvements upon the termination of the lease. 
 

Sources: Codes, 1942, § 7623-12; Laws,  1968, ch. 430, § 12, eff from and after passage (approved August 8, 1968).