State Codes and Statutes
Statutes > Mississippi > Title-51 > 35 > 51-35-333§ 51-35-333. Bonds payable from ad valorem taxation.
To provide funds for the payment of the principal of, interest on, and other charges in connection with bonds issued under the provisions of this article, to provide funds for the annual expenses of operations of the district, and to provide funds for carrying out any of the purposes of this article, the district is empowered to levy annually a special tax upon all the taxable property within such district on or before the first Monday of September of each year and shall certify the levy to the boards of supervisors of the various counties in said district. It shall be the duty of the boards of supervisors of each county to make said levy on each tract of land or other property in said district according to the assessed valuation thereof. Such taxes shall be collected by the tax collectors of the respective counties in said district, who shall deposit them in such depository as shall be selected by the board of directors of the district. The tax collector shall receive a sum not greater than one fifth of one percent (1/5 of 1%) of the amount collected for his services in making such collection, and said fee shall be paid into the county general fund. It shall be the duty of the board of directors to levy a tax sufficient to pay the bonds and the interest thereon as such bonds and interest become due, to pay for the annual expense of operation of the district, and to provide funds for carrying out any of the purposes of this article.
Sources: Codes, 1942, § 3665-18; Laws, 1962, ch. 226, § 18; Laws, 1968, ch. 361, § 3, eff from and after January 1, 1972.
