PUBLIC NOTICE RESOLUTION DECLARING THE I
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8/26/2026
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PUBLIC NOTICE
RESOLUTION DECLARING THE INTENTION OF THE BOARD OF SUPERVISORS OF JEFFERSON DAVIS COUNTY, MISSISSIPPI TO (I) ISSUE GENERAL OBLIGATION BONDS OF THE COUNTY, (II) ISSUE A GENERAL OBLIGATION BOND OF THE COUNTY FOR PURCHASE BY THE MISSISSIPPI DEVELOPMENT BANK, AND/OR (III) ENTER INTO A LOAN WITH THE MISSISSIPPI DEVELOPMENT BANK, IN ONE OR MORE TAXABLE OR TAX-EXEMPT SERIES, ALL IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TWO MILLION DOLLARS ($2,000,000); DIRECTING THE PUBLICATION OF A NOTICE OF SUCH INTENTION; AND FOR RELATED PURPOSES.
WHEREAS, the Board of Supervisors (the “Governing Body”) of Jefferson Davis County, Mississippi (the “County”) acting for and on behalf of the County, is authorized by the Mississippi Infrastructure Modernization Act of 2018, House Bill 1, 2018 First Extraordinary Session, as codified by Sections 27-67-31 through 27-67-35, Mississippi Code of 1972, as amended and/or supplemented from time to time (the “Infrastructure Modernization Act”) and Sections 19-9-1 et seq., Mississippi Code of 1972, as amended and supplemented from time to time (the “County Bond Act), to issue debt obligations for the purposes set forth therein, including, but not limited to, providing funding for (i) constructing, reconstructing, and repairing roads, highways and bridges, and acquiring the necessary land, including land for road building materials, and acquiring rights-of-way therefor and the purchase of heavy construction equipment and accessories thereto reasonably required to construct, repair and renovate roads, highways and bridges and approaches thereto within the County, (ii) purchasing machinery and equipment which have an expected useful life in excess of ten (10) years, and (iii) other authorized purposes under the Act (as defined below), including funding capitalized interest, if applicable, funding a debt service reserve fund, if any, and paying the costs of such borrowing (collectively, the “Project”); and
WHEREAS, the Governing Body, acting for and on behalf of the County, is authorized by the Infrastructure Modernization Act and the County Bond Act to issue general obligation bonds of the County for the purpose of providing financing for the Project; and
WHEREAS, the Governing Body, acting for and on behalf of the County, is also authorized under the Infrastructure Modernization Act, County Bond Act and Sections 31-25-1 et seq., Mississippi Code of 1972, as amended and supplemented from time to time (the “Bank Act” and together with the Infrastructure Modernization Act and County Bond Act, the “Act”), and other applicable laws of the State of Mississippi (the “State”), to (a) issue a general obligation bond of the County to be sold to the Mississippi Development Bank (the “Bank”) to finance the costs of the Project, and/or (b) enter into a loan with the Bank to borrow money to finance the costs of the Project; and
WHEREAS, the Project is in accordance with and in furtherance of the provisions of the Act; and
WHEREAS, the Governing Body has caused an estimate to be made of the cost of such Project from which estimates the Governing Body finds that the contemplated costs of the County’s portion of the Project thereof will not exceed Two Million Dollars ($2,000,000); and
WHEREAS, the Governing Body is authorized to provide financing for the costs of the Project, in one or more taxable or tax-exempt series, (a) through the issuance of general obligation bonds of the County (the “Bonds”) pursuant to the Infrastructure Modernization Act and the County Bond Act, and/or (b) through the issuance of a general obligation bond of the County to be sold to the Bank (the “County Bond”) pursuant to the Act, and/or (c) by entering into a loan with the Bank pursuant to the Act (the “Loan”) for the purposes herein stated, under the procedures hereinafter set forth, and as provided by law; all in a total aggregate principal amount not to exceed Two Million Dollars ($2,000,000); and
WHEREAS, the assessed value of all taxable property within the County, according to the last completed assessment for taxation, was $107,821,277, and as of July 1, 2026, the County had outstanding bonded and floating indebtedness as subject to the fifteen percent (15%) debt limit prescribed by Section 19-9-5, Mississippi Code of 1972, as amended and supplemented from time to time, in the amount of $-0-, and outstanding bonded and floating indebtedness as subject to the twenty percent (20%) debt limit prescribed by Section 19-9-5, Mississippi Code of 1972, as amended and supplemented from time to time, in the amount of $6,940000.00; and
WHEREAS, the Bonds, the County Bond and/or the Loan, when added to the outstanding bonded indebtedness of the County, will not result in bonded indebtedness, exclusive of indebtedness not subject to the aforesaid fifteen percent (15%) debt limit, of more than fifteen percent (15%) of the assessed value of all taxable property within the County, will not result in indebtedness, both bonded and floating, exclusive of indebtedness not subject to the aforesaid twenty percent (20%) debt limit, of more than twenty percent (20%) of the assessed value of all taxable property within the County, and will not exceed any constitutional or statutory limitation upon indebtedness which may be incurred by the County; and
WHEREAS, there has been no increase in said general obligation indebtedness of the County; and
WHEREAS, the Governing Body has determined that it is necessary for the health and well-being of the citizens of the County, and it would be in the best interest of the County for the Governing Body to provide financing for the costs of the Project by borrowing money through the issuance of the Bonds and/or the County Bond and/or by entering into the Loan, in one or more taxable or tax-exempt series, all in accordance with the Act; and
WHEREAS, in connection with the Project, the County expects to incur expenses for which the County will advance internal funds; and
WHEREAS, the County desires to be able to reimburse itself for all or a portion of such expenses of the Project from the proceeds of the Bonds, the County Bond, and/or the Loan; and
WHEREAS, the County reasonably expects that it will incur expenditures prior to the issuance of the Bonds, the County Bond and/or the Loan which it intends to reimburse with the proceeds of the Bonds, the County Bond and/or the Loan upon the issuance thereof. This declaration of official intent to reimburse expenditures made prior to the issuance of the Bonds, the County Bond and/or the Loan in anticipation of the issuance of the Bonds, the County Bond and/or the Loan is made pursuant to Department of Treasury Regulations Section 1.150-2 (the “Reimbursement Regulations”). The Project for which such expenditures are made is the same as described hereinabove. The maximum principal amount of debt expected to be issued for the Project by the County is the amount hereinabove set forth; and
WHEREAS, the Governing Body is authorized and empowered by the Act to issue the Bonds, the County Bond and/or the Loan for the purposes as hereinafter set forth and there are no other available funds on hand or available from regular sources of income for such purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE COUNTY, ACTING FOR AND ON BEHALF OF THE COUNTY, AS FOLLOWS:
SECTION 1. The Governing Body, acting for and on behalf of the County, hereby declares its intention to (a) issue and sell the Bonds pursuant to the Infrastructure Modernization Act and the County Bond Act, and/or (b) issue and sell the County Bond to the Bank pursuant to the Act, and/or (c) enter into a Loan with the Bank pursuant to the Act, in one or more taxable or tax-exempt series, all in a total aggregate principal amount not to exceed Two Million Dollars ($2,000,000).
SECTION 2. The Bonds, the County Bond and/or the Loan will be issued for the purpose of financing the Project, as authorized by the Act.
SECTION 3. The Bonds and/or the County Bond may be issued in one or more taxable or tax-exempt series, from time to time, and, if issued, will be general obligations of the County payable as to principal and interest out of and secured by an irrevocable pledge of the avails of a direct and continuing tax to be levied annually without limitation as to time, rate or amount upon all the taxable property within the geographical limits of the County. The Loan will be payable from available revenues of the County and will not constitute an indebtedness of the County within the meaning of any constitutional or statutory restrictions, limitations, or provisions, and the taxing power of the County will not be pledged to the payment of the Loan.
SECTION 4. The Governing Body proposes to direct the issuance of all or any portion of the Bonds, the County Bond and/or the Loan in the amount and for the purposes and secured as aforesaid at a meeting of the Governing Body to be held at its usual meeting place in the Jefferson Davis County Courthouse, located at 2426 Pearl Avenue, Prentiss, Mississippi 39474, at the hour of 9:00 o’clock a.m. on September 21, 2026, or at some meeting or meetings subsequent thereto; provided, however, that if twenty percent (20%), or fifteen hundred (1,500), whichever is less, of the qualified electors of the County shall file a written protest with the Clerk of the Governing Body (the “Clerk”) against the issuance of the Bonds, the County Bond and/or the Loan on or before the aforesaid date and hour, then the Bonds, the County Bond and/or the Loan shall not be issued unless approved at an election on the question thereof called and held as is provided by law; provided, further that if no protest is filed, then the Bonds, the County Bond and/or the Loan may be issued and sold in one or more series without an election on the question of the issuance thereof at any time within a period of two (2) years after September 21, 2026.
SECTION 5. The Clerk is hereby directed to publish a copy of this resolution once a week for at least three (3) consecutive weeks in The Prentiss Headlight, a newspaper published in and having a general circulation in the County and qualified under the provisions of Section 13-3-31, Mississippi Code of 1972, as amended and supplemented from time to time, with the first publication being not less than twenty-one (21) days prior to the date set forth in Section 4 of this resolution, and the last publication being made not more than seven (7) days prior to such date.
SECTION 6. The Clerk is hereby directed to procure from the publisher of the aforesaid newspaper the customary proof of the publication of this resolution and have the same before the Governing Body on the date and hour specified in Section 4 hereof.
SECTION 7. The County hereby declares its official intent to reimburse itself from the proceeds of the Bonds, the County Bond and/or the Loan for expenses incurred with respect to the Project subsequent to the date of this resolution. This declaration of official intent to reimburse expenditures made prior to the issuance of the Bonds, the County Bond and/or the Loan in anticipation of the issuance of the Bonds, the County Bond and/or the Loan is made pursuant to the Reimbursement Regulations. The Project for which such expenditures are made is the same as described herein. The Bonds, the County Bond and/or the Loan, issued in one or more taxable or tax-exempt series, will not exceed the total aggregate principal amount of Two Million Dollars ($2,000,000).
SECTION 8. The Governing Body authorizes and directs the Authorized Officers to take such actions and execute and deliver such documents as may be necessary to effectuate the purposes of this resolution.
SECTION 9. If any one or more of the provisions of this resolution shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the other provisions of this resolution, but this resolution shall be construed and enforced as if such illegal or invalid provision or provisions had not been contained herein.
SECTION 10. All other ordinances, resolutions and orders of the Governing Body in conflict with this resolution shall be and the same are hereby replaced, rescinded and set aside, but only to the extent of such conflict. For cause, it is hereby found, determined and adjudicated that this resolution shall become effective immediately upon its adoption by the Governing Body.
[Remainder of Page Intentionally Left Blank]
Supervisor Gholar made the motion and Supervisor Holliman seconded the motion, and the question being put to a roll call vote, the result was as follows:
Supervisor Macon C. “Corky” Holliman, Jr.
voted: Yes
Supervisor Ricky E. Barrett
voted: Yes
Supervisor Demarrio Booth
voted: Absent
Supervisor Michael O. Evans
voted: Yes
Supervisor Jerry P. Gholar
voted: Yes
The motion having received the affirmative vote of a majority of the members of the Governing Body present, being a quorum of said Governing Body, the President declared the motion carried and the resolution adopted this 20th day of July, 2026.
/s/ Michael O. Evans
President of the Board of Supervisors
Jefferson Davis County, Mississippi
ATTEST:
/s/ Bobby. R. Rushing
Clerk of the Board of Supervisors
Prentiss Headlight: Aug. 26, Sept. 2, 9 and 16, 2026
RESOLUTION
RESOLUTION DECLARING THE INTENTION OF THE BOARD OF SUPERVISORS OF JEFFERSON DAVIS COUNTY, MISSISSIPPI TO (I) ISSUE GENERAL OBLIGATION BONDS OF THE COUNTY, (II) ISSUE A GENERAL OBLIGATION BOND OF THE COUNTY FOR PURCHASE BY THE MISSISSIPPI DEVELOPMENT BANK, AND/OR (III) ENTER INTO A LOAN WITH THE MISSISSIPPI DEVELOPMENT BANK, IN ONE OR MORE TAXABLE OR TAX-EXEMPT SERIES, ALL IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TWO MILLION DOLLARS ($2,000,000); DIRECTING THE PUBLICATION OF A NOTICE OF SUCH INTENTION; AND FOR RELATED PURPOSES.
WHEREAS, the Board of Supervisors (the “Governing Body”) of Jefferson Davis County, Mississippi (the “County”) acting for and on behalf of the County, is authorized by the Mississippi Infrastructure Modernization Act of 2018, House Bill 1, 2018 First Extraordinary Session, as codified by Sections 27-67-31 through 27-67-35, Mississippi Code of 1972, as amended and/or supplemented from time to time (the “Infrastructure Modernization Act”) and Sections 19-9-1 et seq., Mississippi Code of 1972, as amended and supplemented from time to time (the “County Bond Act), to issue debt obligations for the purposes set forth therein, including, but not limited to, providing funding for (i) constructing, reconstructing, and repairing roads, highways and bridges, and acquiring the necessary land, including land for road building materials, and acquiring rights-of-way therefor and the purchase of heavy construction equipment and accessories thereto reasonably required to construct, repair and renovate roads, highways and bridges and approaches thereto within the County, (ii) purchasing machinery and equipment which have an expected useful life in excess of ten (10) years, and (iii) other authorized purposes under the Act (as defined below), including funding capitalized interest, if applicable, funding a debt service reserve fund, if any, and paying the costs of such borrowing (collectively, the “Project”); and
WHEREAS, the Governing Body, acting for and on behalf of the County, is authorized by the Infrastructure Modernization Act and the County Bond Act to issue general obligation bonds of the County for the purpose of providing financing for the Project; and
WHEREAS, the Governing Body, acting for and on behalf of the County, is also authorized under the Infrastructure Modernization Act, County Bond Act and Sections 31-25-1 et seq., Mississippi Code of 1972, as amended and supplemented from time to time (the “Bank Act” and together with the Infrastructure Modernization Act and County Bond Act, the “Act”), and other applicable laws of the State of Mississippi (the “State”), to (a) issue a general obligation bond of the County to be sold to the Mississippi Development Bank (the “Bank”) to finance the costs of the Project, and/or (b) enter into a loan with the Bank to borrow money to finance the costs of the Project; and
WHEREAS, the Project is in accordance with and in furtherance of the provisions of the Act; and
WHEREAS, the Governing Body has caused an estimate to be made of the cost of such Project from which estimates the Governing Body finds that the contemplated costs of the County’s portion of the Project thereof will not exceed Two Million Dollars ($2,000,000); and
WHEREAS, the Governing Body is authorized to provide financing for the costs of the Project, in one or more taxable or tax-exempt series, (a) through the issuance of general obligation bonds of the County (the “Bonds”) pursuant to the Infrastructure Modernization Act and the County Bond Act, and/or (b) through the issuance of a general obligation bond of the County to be sold to the Bank (the “County Bond”) pursuant to the Act, and/or (c) by entering into a loan with the Bank pursuant to the Act (the “Loan”) for the purposes herein stated, under the procedures hereinafter set forth, and as provided by law; all in a total aggregate principal amount not to exceed Two Million Dollars ($2,000,000); and
WHEREAS, the assessed value of all taxable property within the County, according to the last completed assessment for taxation, was $107,821,277, and as of July 1, 2026, the County had outstanding bonded and floating indebtedness as subject to the fifteen percent (15%) debt limit prescribed by Section 19-9-5, Mississippi Code of 1972, as amended and supplemented from time to time, in the amount of $-0-, and outstanding bonded and floating indebtedness as subject to the twenty percent (20%) debt limit prescribed by Section 19-9-5, Mississippi Code of 1972, as amended and supplemented from time to time, in the amount of $6,940000.00; and
WHEREAS, the Bonds, the County Bond and/or the Loan, when added to the outstanding bonded indebtedness of the County, will not result in bonded indebtedness, exclusive of indebtedness not subject to the aforesaid fifteen percent (15%) debt limit, of more than fifteen percent (15%) of the assessed value of all taxable property within the County, will not result in indebtedness, both bonded and floating, exclusive of indebtedness not subject to the aforesaid twenty percent (20%) debt limit, of more than twenty percent (20%) of the assessed value of all taxable property within the County, and will not exceed any constitutional or statutory limitation upon indebtedness which may be incurred by the County; and
WHEREAS, there has been no increase in said general obligation indebtedness of the County; and
WHEREAS, the Governing Body has determined that it is necessary for the health and well-being of the citizens of the County, and it would be in the best interest of the County for the Governing Body to provide financing for the costs of the Project by borrowing money through the issuance of the Bonds and/or the County Bond and/or by entering into the Loan, in one or more taxable or tax-exempt series, all in accordance with the Act; and
WHEREAS, in connection with the Project, the County expects to incur expenses for which the County will advance internal funds; and
WHEREAS, the County desires to be able to reimburse itself for all or a portion of such expenses of the Project from the proceeds of the Bonds, the County Bond, and/or the Loan; and
WHEREAS, the County reasonably expects that it will incur expenditures prior to the issuance of the Bonds, the County Bond and/or the Loan which it intends to reimburse with the proceeds of the Bonds, the County Bond and/or the Loan upon the issuance thereof. This declaration of official intent to reimburse expenditures made prior to the issuance of the Bonds, the County Bond and/or the Loan in anticipation of the issuance of the Bonds, the County Bond and/or the Loan is made pursuant to Department of Treasury Regulations Section 1.150-2 (the “Reimbursement Regulations”). The Project for which such expenditures are made is the same as described hereinabove. The maximum principal amount of debt expected to be issued for the Project by the County is the amount hereinabove set forth; and
WHEREAS, the Governing Body is authorized and empowered by the Act to issue the Bonds, the County Bond and/or the Loan for the purposes as hereinafter set forth and there are no other available funds on hand or available from regular sources of income for such purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE COUNTY, ACTING FOR AND ON BEHALF OF THE COUNTY, AS FOLLOWS:
SECTION 1. The Governing Body, acting for and on behalf of the County, hereby declares its intention to (a) issue and sell the Bonds pursuant to the Infrastructure Modernization Act and the County Bond Act, and/or (b) issue and sell the County Bond to the Bank pursuant to the Act, and/or (c) enter into a Loan with the Bank pursuant to the Act, in one or more taxable or tax-exempt series, all in a total aggregate principal amount not to exceed Two Million Dollars ($2,000,000).
SECTION 2. The Bonds, the County Bond and/or the Loan will be issued for the purpose of financing the Project, as authorized by the Act.
SECTION 3. The Bonds and/or the County Bond may be issued in one or more taxable or tax-exempt series, from time to time, and, if issued, will be general obligations of the County payable as to principal and interest out of and secured by an irrevocable pledge of the avails of a direct and continuing tax to be levied annually without limitation as to time, rate or amount upon all the taxable property within the geographical limits of the County. The Loan will be payable from available revenues of the County and will not constitute an indebtedness of the County within the meaning of any constitutional or statutory restrictions, limitations, or provisions, and the taxing power of the County will not be pledged to the payment of the Loan.
SECTION 4. The Governing Body proposes to direct the issuance of all or any portion of the Bonds, the County Bond and/or the Loan in the amount and for the purposes and secured as aforesaid at a meeting of the Governing Body to be held at its usual meeting place in the Jefferson Davis County Courthouse, located at 2426 Pearl Avenue, Prentiss, Mississippi 39474, at the hour of 9:00 o’clock a.m. on September 21, 2026, or at some meeting or meetings subsequent thereto; provided, however, that if twenty percent (20%), or fifteen hundred (1,500), whichever is less, of the qualified electors of the County shall file a written protest with the Clerk of the Governing Body (the “Clerk”) against the issuance of the Bonds, the County Bond and/or the Loan on or before the aforesaid date and hour, then the Bonds, the County Bond and/or the Loan shall not be issued unless approved at an election on the question thereof called and held as is provided by law; provided, further that if no protest is filed, then the Bonds, the County Bond and/or the Loan may be issued and sold in one or more series without an election on the question of the issuance thereof at any time within a period of two (2) years after September 21, 2026.
SECTION 5. The Clerk is hereby directed to publish a copy of this resolution once a week for at least three (3) consecutive weeks in The Prentiss Headlight, a newspaper published in and having a general circulation in the County and qualified under the provisions of Section 13-3-31, Mississippi Code of 1972, as amended and supplemented from time to time, with the first publication being not less than twenty-one (21) days prior to the date set forth in Section 4 of this resolution, and the last publication being made not more than seven (7) days prior to such date.
SECTION 6. The Clerk is hereby directed to procure from the publisher of the aforesaid newspaper the customary proof of the publication of this resolution and have the same before the Governing Body on the date and hour specified in Section 4 hereof.
SECTION 7. The County hereby declares its official intent to reimburse itself from the proceeds of the Bonds, the County Bond and/or the Loan for expenses incurred with respect to the Project subsequent to the date of this resolution. This declaration of official intent to reimburse expenditures made prior to the issuance of the Bonds, the County Bond and/or the Loan in anticipation of the issuance of the Bonds, the County Bond and/or the Loan is made pursuant to the Reimbursement Regulations. The Project for which such expenditures are made is the same as described herein. The Bonds, the County Bond and/or the Loan, issued in one or more taxable or tax-exempt series, will not exceed the total aggregate principal amount of Two Million Dollars ($2,000,000).
SECTION 8. The Governing Body authorizes and directs the Authorized Officers to take such actions and execute and deliver such documents as may be necessary to effectuate the purposes of this resolution.
SECTION 9. If any one or more of the provisions of this resolution shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the other provisions of this resolution, but this resolution shall be construed and enforced as if such illegal or invalid provision or provisions had not been contained herein.
SECTION 10. All other ordinances, resolutions and orders of the Governing Body in conflict with this resolution shall be and the same are hereby replaced, rescinded and set aside, but only to the extent of such conflict. For cause, it is hereby found, determined and adjudicated that this resolution shall become effective immediately upon its adoption by the Governing Body.
[Remainder of Page Intentionally Left Blank]
Supervisor Gholar made the motion and Supervisor Holliman seconded the motion, and the question being put to a roll call vote, the result was as follows:
Supervisor Macon C. “Corky” Holliman, Jr.
voted: Yes
Supervisor Ricky E. Barrett
voted: Yes
Supervisor Demarrio Booth
voted: Absent
Supervisor Michael O. Evans
voted: Yes
Supervisor Jerry P. Gholar
voted: Yes
The motion having received the affirmative vote of a majority of the members of the Governing Body present, being a quorum of said Governing Body, the President declared the motion carried and the resolution adopted this 20th day of July, 2026.
/s/ Michael O. Evans
President of the Board of Supervisors
Jefferson Davis County, Mississippi
ATTEST:
/s/ Bobby. R. Rushing
Clerk of the Board of Supervisors
Prentiss Headlight: Aug. 26, Sept. 2, 9 and 16, 2026
RESOLUTION