in Mississippi

counsel's approving opinion is printed on or accompanies each
bond and states that in its opinion the county has complied with all
legal requirements in the issuance of the bonds and that interest
paid on the bonds is exempt from income tax (unless issued as
taxable bonds). Without such an opinion the bonds are not
marketable.
Bond Register
Bond Transcript
Call Price
Callable Bond
Capital Improvement Plan
Coupon
Current Yield
Debt Limit
Delivery Date
The permanent and complete record maintained by a government
issuer for each bond issue. It shows the amount of interest and
principal coming due each date, the bond numbers, and all other
pertinent information concerning the bond issue.
All legal documents, including appropriate minutes of meetings,
associated with the authority to issue a bond.
The price at which callable bonds may be redeemed if called.
A type of bond which permits the issuer to pay the obligation
before the stated maturity date by giving notice of redemption in
the manner specified in the bond contract.
A plan for capital expenditures to be incurred each year over a
fixed period of years to meet anticipated needs. It sets forth each
project or other contemplated expenditure in which the government
is to have a part and specifies the full resources estimated to be
available to finance expected expenditures.
The part of a bond which serves as proof of interest due.
Historically, bondholders have detached coupons, usually at
semiannual intervals, and presented them for payment to the
issuer's paying agent. Now, bonds must be issued as fully
registered bonds without coupons in order to be tax exempt. The
term is still in use in such terms as "coupon rate" even though no
actual coupon is involved.
Annual interest payable on a bond divided by its current price,
expressed as a percent.
The maximum amount of debt that a governmental unit may incur
under constitutional, statutory, or charter requirements. The
limitation is usually some percentage of taxable valuation and may
be fixed upon either gross or net debt. The legal provision in the
latter case usually specifies what deductions from gross funded
debt are allowed to calculate net debt.
Date on which the bonds are exchanged for the purchase price.
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