Mississippi § 31-17-49 - Local bonds; purchase of bonds sold below par.
Full text of Mississippi Mississippi Code of 1972 Annotated § 31-17-49 — Local bonds; purchase of bonds sold below par., with citation guidance and answers to common questions.
§ 31-17-49. Local bonds; purchase of bonds sold below par.
Where the bonds so purchased of said county, municipality, or other taxing districts were sold for less than par and accrued interest, then the said board of supervisors, mayor and board of aldermen, or other governing authority of such taxing district, as the case may be, shall not pay a greater price than the price for which the bonds were sold.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 31-17-49
What does Mississippi Code of 1972 Annotated § 31-17-49 cover?
Section 31-17-49 ("Local bonds; purchase of bonds sold below par.") 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 § 31-17-49?
A common citation format is "Mississippi Code of 1972 Annotated § 31-17-49" (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 § 31-17-49 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.