59-5-53 - Withdrawals of bond proceeds from special fund. - Mississippi Statutes

§ 59-5-53. Withdrawals of bond proceeds from special fund.
 

The funds which are transferred from the sale of bonds under this chapter to the special fund in the qualified depositories set up for each separate port, harbor, or part thereof may be withdrawn only in the following manner: said funds shall be paid by such qualified depositories upon warrants issued by the state auditor of public accounts, which warrants shall be issued upon requisition of the board or state port authority. All expenditures ordered by the board or state port authority shall be entered upon their minutes, and the board and each state port authority shall submit a full report of their work and all the transactions carried on by them, and a complete statement of all their revenues and expenditures to the legislature at each regular session of the legislature. 
 

Sources: Codes, 1942, § 7564-28; Laws,  1958, ch. 365, § 28, eff from and after passage (approved April 28, 1958).