The municipal governing authorities shall have the power to levy and collect annually taxes on all the taxable property within the municipal limits, in addition to other taxes, in a sufficient amount, for the purpose of paying the interest coupons as they become due on all bonds of the municipality now issued or hereafter to be issued, and the bonds themselves, which tax shall be payable only in cash or in matured coupons or bonds.
Miss. Code Ann. § 21-33-87
Tax levy to pay bonds and coupons
Codes, 1892, § 2927; 1906, § 3318; Hemingway’s 1917, § 5815; 1930, § 2395; 1942, § 3374-115; Laws, 1950, ch. 491, § 115, eff from and after July 1, 1950.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.