Maintenance and operation of improvements and facilities by port commission; collection, etc., of rents, fees, etc.; disposition of revenues; annual reports.

Miss. Code Ann. § 59-7-307
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
All improvements and facilities constructed pursuant to Article 1 of this chapter, and/or constructed pursuant to this article, shall be maintained and operated under the control of the port commission as provided in chapter 1 of this title. The said port commission shall, subject to and in accordance with any agreement or agreements as may be made by any such municipality with the purchaser or purchasers of bonds or other obligations issued pursuant to this article, prescribe, levy and collect all rents, fees, tolls, revenues, and/or other charges in connection with the use and occupancy of the aforesaid improvements and facilities, and shall pay over all net revenues derived from the operation of said improvements and facilities to any trustee, or successor thereto, established as hereinafter in this article provided. Net revenues shall be deemed to be such as may be defined in any agreement or agreements entered into between any such municipality and the purchaser or purchasers of any bonds or other obligations issued pursuant to this article. The said port commission shall make an annual report to the governor of the State of Mississippi, to the municipality having such port of entry, and to the state legislature.

Starting a business in Mississippi? Mississippi LLC guide: costs and requirements