65-29-23 - Mortgage to secure bonds. - Mississippi Statutes

§ 65-29-23. Mortgage to secure bonds.
 

Any municipality or county 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 in such form, with such validity, and with such remedies as at present authorized under the laws of the State of Mississippi, on any or all properties, improvements, and facilities, the acquisition, construction, maintenance, or operation of which are provided by this chapter. Such resolution or resolutions of said municipality or county 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, § 8492; Laws,  1934, ch. 218.