Mississippi § 77-5-35 - Pledge of state to bondholders that it will not impair rate-making power of authority.
Full text of Mississippi Mississippi Code of 1972 Annotated § 77-5-35 — Pledge of state to bondholders that it will not impair rate-making power of authority., with citation guidance and answers to common questions.
§ 77-5-35. Pledge of state to bondholders that it will not impair rate-making power of authority.
The state does pledge to and agree with the holders of bonds issued by the authority that the state will not limit or alter the rights and powers vested in the authority to fix and collect such rates, fees and charges as may be necessary or advisable in order to produce sufficient revenue to meet all expenses of maintenance and operation of its system or systems and to fulfill the terms of any agreements made with the holders of such bonds, or in any way impair the rights and remedies of the holders of such bonds, until such bonds together with interest thereon, and interest on any unpaid installments of interest, and all costs and expenses in connection with any suits, actions or proceedings by or on behalf of such bondholders are fully paid and discharged.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 77-5-35
What does Mississippi Code of 1972 Annotated § 77-5-35 cover?
Section 77-5-35 ("Pledge of state to bondholders that it will not impair rate-making power of authority.") 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 § 77-5-35?
A common citation format is "Mississippi Code of 1972 Annotated § 77-5-35" (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 § 77-5-35 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.