The school board of any school district may borrow money for the purchase of school transportation equipment or to establish, erect and equip school bus shops or garages, and purchase land therefor, and issue the negotiable notes or bonds of the school district as evidence of the indebtedness so incurred.Codes, 1942, § 6367-05; Laws, 1953, Ex Sess, ch. 18, § 5; Laws, 1982, ch. 354, § 24; Laws, 1986, ch. 492, § 151; Laws, 2010, ch. 483, § 6, eff. 7/1/2010.
Mississippi Legal Code