Upon compliance with procedures prescribed herein, and subject to the provisions hereinafter stated in Sections 49-17-105 through 49-17-123, any municipality is hereby authorized and empowered:(a) To acquire, purchase, construct, operate, maintain and replace pollution control facilities;(b) To enlarge, expand and improve existing pollution control facilities;(c) To issue bonds for the purpose of defraying the cost of facilities contemplated by subsections (a) and (b) above;(d) To enter into agreements with any industry situated in the municipality to construct, operate, maintain, repair and replace said facilities;(e) To enter into a lease/sale with an industry for the lease and/or sale of such facilities to such industry;(f) To accept any state or federal grant that may be available to defray any part of the cost of such facilities. Provided, however, the agreements contemplated by subsections (d) and (e) above shall contain terms and conditions under which the industry shall pay to the municipality, or trustee, if any, for the bonds contemplated by subsection (c) above, such sums of money and at such periods as will equal the aggregate of principal, interest and redemption y to the municipality, or trustee, if any, for the bonds contemplated by subsection (c) above, such sums of money and at such periods as will equal the aggregate of principal, interest and redemption premium, if any, due on the bonds and also the costs, if any, to the municipality of operating, maintaining, insuring, repairing and replacing such facilities, or portions thereof, including a reasonable amount for reserves. Provided, further, any agreement contemplated by subsection (e) above shall further contain terms and conditions pursuant to which the said facilities shall be conveyed to the industry.Laws, 1973, ch. 505, § 2, eff. 4/17/1973.
Mississippi Legal Code