Senate Bill 2622

AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION, ACTING ON BEHALF OF THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, TO SELL AND CONVEY CERTAIN REAL PROPERTY AND ANY IMPROVEMENTS THEREON AT DELTA STATE UNIVERSITY, LOCATED IN THE CITY OF CLEVELAND, BOLIVAR COUNTY, MISSISSIPPI; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. (1) The Department of Finance and Administration, acting on behalf of the Board of Trustees of State Institutions of Higher Learning, is authorized to sell and convey certain real property and any improvements thereon at Delta State University, located in the City of Cleveland, Bolivar County, Mississippi, for the land being described as follows:

300 McClain Avenue - Lot One of the First Addition to the Marva Park Subdivision of part of the South Half of the South Half of Section 17, Township 22 North, Range 5 West, according to a map or plat of said Subdivision recorded in Record of Surveys Number One, Page 37, in the Office of the Clerk of the Chancery Court of Bolivar County at Cleveland, Mississippi, subject to restrictive agreement recorded in Book M-41, Page 452, and being located in the City of Cleveland, Mississippi.

301 McClain Avenue - Lot 24 of the First Addition to Marva Park Subdivision of part of the S¹/₂ of S¹/₂ of Section 17, Township 22 North, Range 5 West, according to a map or plat of said Subdivision recorded in Record of Surveys No. 1, Page 37, in the Office of the Clerk of the Chancery Court of Bolivar County at Cleveland, Mississippi, and subject to restrictive agreement recorded in Book M-41, Page 452 of the records aforesaid.

300 Shumate Circle - Lot 2 of the Marva Park Subdivision in the West Half of Southwest Quarter of Southeast Quarter and East Half of Southeast Quarter of Southwest Quarter of Section 17, Township 22 North, Range 5 West, according to a Plat recorded in Plat Book 2, page 61 of the public records of Bolivar County at Cleveland, Mississippi, subject to a restrictive agreement recorded in Book N-26, page 398 of the records aforesaid, which lot is now located in the City of Cleveland, Mississippi.

301 Shumate Circle - Lot 1 of the Marva Park Subdivision in the West Half of Southwest Quarter of Southeast Quarter and in the East Half of Southeast Quarter of Southwest Quarter of Section 17, Township 22 North, Range 5 West, according to a map or plat of said Subdivision recorded in Map Book 2, page 61 of the records in the Office of the Chancery Clerk of Bolivar County at Cleveland, Mississippi, subject to restrictive agreement recorded in Book M-30, page 637, and amendment recorded in Book N-26, page 398 of the records aforesaid.

302 Shumate Circle - Lot 4 in Marva Park Subdivision to the City of Cleveland, Mississippi, as shown by map or plat of said subdivision on file in the Office of the Clerk of the Chancery Court of Bolivar County, Mississippi, at Cleveland, subject to restrictions contained in an instrument recorded in Book M-30 at Page 637 as amended by instrument recorded in Book N-26 at Page 398.

303 Shumate Circle - Lot Three of Marva Park Subdivision to the City of Cleveland, Mississippi, in the West Half of the Southwest Quarter of the Southeast Quarter and in the East Half of the Southeast Quarter of the Southwest Quarter of Section Seventeen, Township Twenty-two North, Range Five West, according to a map or plat of said Subdivision of record in the Office of the Clerk of the Chancery Court of Bolivar County, Mississippi, in Map Book 2, Page 61, subject to the restrictions contained in an instrument recorded in Book M-30, Page 637, as amended by instrument recorded in Book N-26, Page 398, of the records in the Office of the Clerk of the Chancery Court of Bolivar County, Mississippi, in the County of Bolivar and State of Mississippi.

314 Shumate Circle - Lot 16 of the Marva Park Subdivision in the West Half (W¹/₂) of the Southwest Quarter (SW¹/₄) of the Southeast Quarter (SE¹/₄) and the East Half (E¹/₂) of the Southeast Quarter (SE¹/₄) of the Southwest Quarter (SW¹/₄) of Section 17, Township 22 North, Range 5 West, according to a map or plat of said subdivision, of record in the Office of the Clerk of the Chancery Court of Bolivar County, Mississippi, in Map Book 2 at page 61, subject to the restrictions contained in an instrument recorded in Book M-30 at page 637, as amended by instrument recorded in Book N-26 at page 398 of the records in the Office of the Clerk of the Chancery Court of Bolivar County, Mississippi.

316 Shumate Circle - Lot 18 of the Marva Park Subdivision in the West Half of Southwest Quarter of Southeast Quarter and in the East Half of Southeast Quarter of Southwest Quarter of Section 17, Township 22 North, Range 5 West, according to map or plat of said Subdivision in the Office of the Chancery Clerk of Bolivar County, Mississippi, in Municipal Map Book 2, page 61, subject to restrictions contained in an instrument recorded in Book M-30, page 637, as amended by instrument recorded in Book N-26, page 398, of the records in the Office of the Chancery Clerk of Bolivar County at Cleveland, Mississippi.

(2) The real property described in Section 1 of this act shall not be sold for less than the current fair market value as determined by the averaging of at least two (2) appraisals by qualified appraisers selected by the Department of Finance and Administration.

(3) The State of Mississippi shall retain all mineral rights to the real property sold under this act.

(4) The proceeds from the sale of the real property described in Section 1 of this act shall be deposited into a special fund in the State Treasury and shall be expended only for the benefit of Delta State University.

SECTION 2. This act shall take effect and be in force from and after its passage.