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.
Miss. Code Ann. § 37-41-89
Authority to borrow money
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 from and after July 1, 2010.
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.