Mississippi § 49-17-115 - Optional terms of lease/sale agreements.
Full text of Mississippi Mississippi Code of 1972 Annotated § 49-17-115 — Optional terms of lease/sale agreements., with citation guidance and answers to common questions.
§ 49-17-115. Optional terms of lease/sale agreements.
Any agreement made under subsection (e) of Section 49-17-103 may provide that the pollution control facilities will be owned by the municipality, and leased to the industry; may provide the industry with an option to purchase the pollution control facility upon such terms and conditions as the governing board and the industry shall agree upon at a price which may be a nominal amount or less than the true value at the time of purchase; or may provide that the pollution control facilities 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 § 49-17-115
What does Mississippi Code of 1972 Annotated § 49-17-115 cover?
Section 49-17-115 ("Optional terms of lease/sale agreements.") 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 § 49-17-115?
A common citation format is "Mississippi Code of 1972 Annotated § 49-17-115" (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 § 49-17-115 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.