Mississippi Code § 65-4-27

Payment of principal and interest on bonds
Open in Lexace · Ask the AI about this section
For the payment of the principal of and interest on the bonds issued under Sections 65-4-25 through 65-4-45 , the full faith, credit, and taxing power of the State of Mississippi are hereby irrevocably pledged. If the funds appropriated by the Legislature be insufficient to pay the principal of and interest on the bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the foregoing provisions of this section. Laws, 1989, ch. 463, § 2, eff. 3/27/1989.
For the payment of the principal of and interest on the bonds issued under Sections 65-4-25 through 65-4-45 , the full faith, credit, and taxing power of the State of Mississippi are hereby irrevocably pledged. If the funds appropriated by the Legislature be insufficient to pay the principal of and interest on the bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the foregoing provisions of this section. Laws, 1989, ch. 463, § 2, eff. 3/27/1989.
For the payment of the principal of and interest on the bonds issued under Sections 65-4-25 through 65-4-45 , the full faith, credit, and taxing power of the State of Mississippi are hereby irrevocably pledged. If the funds appropriated by the Legislature be insufficient to pay the principal of and interest on the bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the foregoing provisions of this section. Laws, 1989, ch. 463, § 2, eff. 3/27/1989.
For the payment of the principal of and interest on the bonds issued under Sections 65-4-25 through 65-4-45 , the full faith, credit, and taxing power of the State of Mississippi are hereby irrevocably pledged. If the funds appropriated by the Legislature be insufficient to pay the principal of and interest on the bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the foregoing provisions of this section.
Laws, 1989, ch. 463, § 2, eff. 3/27/1989.

‹ Prev All Mississippi sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.