Mississippi § 17-17-127 - Lease/sale agreements between municipalities and industries.
Full text of Mississippi Mississippi Code of 1972 Annotated § 17-17-127 — Lease/sale agreements between municipalities and industries., with citation guidance and answers to common questions.
§ 17-17-127. Lease/sale agreements between municipalities and industries.
Any agreement made under subsection (e) of section 17-17-105 may provide that the project will be owned by the municipality, and leased to the industry; may provide the industry with an option to purchase the project upon such terms and conditions as the governing board and the industry shall agree upon, at a price which represents the fair market value at the time of purchase or may provide that the project shall become the property of the industry upon the acquisition thereof. Any such agreement may also, but is not required to, include a guaranty agreement whereby a corporation, foreign or domestic, other than the industry guarantees in whole or in part the obligations of the industry under the lease/sale upon such terms and conditions as the governing board may deem appropriate.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 17-17-127
What does Mississippi Code of 1972 Annotated § 17-17-127 cover?
Section 17-17-127 ("Lease/sale agreements between municipalities and industries.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 17-17-127?
A common citation format is "Mississippi Code of 1972 Annotated § 17-17-127" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 17-17-127 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.