If and when the certificate is issued, the board therein shall fix and determine: (1) The extent and the amount to which the municipality may issue bonds or make expenditures for such development; (2) what property may be acquired therefor; (3) the terms upon which such acquisition may be had; (4) what expenditures may be made to properly develop said property into a 'standard' industrial park or district; and, (5) the method of operation of said industrial park by the municipality.Codes, 1942, § 8940-08; Laws, 1960, ch. 386, § 8, eff. 7/1/1960.
Mississippi Legal Code