51-33-73 - Payment for release.
§ 51-33-73. Payment for release.
The amount required to be paid to obtain the release provided for in Sections 51-33-69 through 51-33-73 may be paid in cash, bonds, interest coupons of such drainage district, or by credit on any judgment rendered against the district on defaulted bonds and coupons; however, the same shall not be paid by any bonds or interest coupons which have become barred by the statutes of limitation of the State of Mississippi. If the amount paid be in cash, the drainage commissioners shall deposit the same in a special fund to be used in paying the bonded indebtedness of the district; but if the release be paid for in bonds or coupons or by credit on judgment against the district, the same shall immediately be cancelled by the drainage commissioners.
Sources: Codes, 1942, § 4660-12; Laws, 1944, ch. 303, § 3.