Mississippi § 51-9-221 - Rights and powers of district to remain unchanged while bonds are outstanding and unpaid.
Full text of Mississippi Mississippi Code of 1972 Annotated § 51-9-221 — Rights and powers of district to remain unchanged while bonds are outstanding and unpaid., with citation guidance and answers to common questions.
§ 51-9-221. Rights and powers of district to remain unchanged while bonds are outstanding and unpaid.
The state hereby covenants with the registered owners of any bonds of the district that so long as the bonds are outstanding and unpaid the state will not limit or alter the rights and powers of the district under this act to conduct the activities referred to herein in any way pertinent to the interests of the bondholders including, without limitation, the district’s right to charge and collect rates, fees and charges and to fulfill the terms of any covenants made with the registered owners of the bonds, or in any other way impair the rights and remedies of the registered owners of the bonds, unless provision for full payment of such bonds, by escrow or otherwise, has been made pursuant to the terms of the bonds or the resolution, trust indenture or security instrument securing the bonds.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 51-9-221
What does Mississippi Code of 1972 Annotated § 51-9-221 cover?
Section 51-9-221 ("Rights and powers of district to remain unchanged while bonds are outstanding and unpaid.") 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 § 51-9-221?
A common citation format is "Mississippi Code of 1972 Annotated § 51-9-221" (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 § 51-9-221 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.