Mississippi § 55-7-41 - Security for payment of bonds generally.
Full text of Mississippi Mississippi Code of 1972 Annotated § 55-7-41 — Security for payment of bonds generally., with citation guidance and answers to common questions.
§ 55-7-41. Security for payment of bonds generally.
The bridge and park commission, in the issuance of any bonds or securities pursuant to its authority under this chapter, or any other statute, may, in its discretion, authorize and have inserted in such bonds or securities a provision to the effect that such bonds or securities shall constitute a lien upon all or any specified portion of the property which the commission is authorized to transfer, convey or sell to private individuals, with right of foreclosure of such lien to be vested in the holder or holders of such securities or bonds, upon terms and conditions such as may be approved by said commission and set out in such securities or bonds, and such provisions thus approved and inserted therein shall constitute and effect a valid lien on the property as specified. Further, all or any part of the proceeds from the authorized transfer, conveyance or sale of lots or other property of the commission to private individuals may be pledged by the commission, in its discretion, as security for any bonds or other securities lawfully issued or to be issued by it, upon such terms and conditions as said commission may provide.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 55-7-41
What does Mississippi Code of 1972 Annotated § 55-7-41 cover?
Section 55-7-41 ("Security for payment of bonds generally.") 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 § 55-7-41?
A common citation format is "Mississippi Code of 1972 Annotated § 55-7-41" (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 § 55-7-41 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.