Nothing in Sections 21-27-11 through 21-27-69 shall be construed as authorizing any municipality to impair or commit a breach of the obligation of any valid lien or contract created or entered into by it, the intention hereof being to authorize the pledging, setting aside and segregation of gross revenue only where consistent with outstanding obligations of such municipality.Codes, 1942, § 3519-21; Laws, 1934, ch. 316; Laws, 1950, ch. 494, § 21, eff. 7/1/1950.
Mississippi Legal Code