CONTaACT This Contract made and entered into by and between the COUNTIES OF TISHOMINGO, ALCORN, PRENTISS and ITAWAMBA, MISSISSIPPI, aoting by and thro r gh their respect:0.v째 Boards of H Superviso,hnaft ed to as "counties", Parties of
the First Part; and TOMBIGBEE RIVER VAIJLEY WATER MANAGEMENT DISTRICT, an agency of the State of Mi4inissippi, hereinafter referred to as "District", Party of the Second Part, WITNESSETH3 WHEREAS, the parties hereto desire to co-operate
with the Tennaeee
Valley Authority and the State of Mississippi,
acting through the Mississippi Agricultural and Industrial Board, in the acquisition,'development l and operation of a stateowned inland port on Yellow Cree in Tishomingo County pursuant to the provisions of House Bill 503 as enacted by the Regular 1968 session of the Mississippi'Legislature
(hereinafter referred
to as "Act"); and WHEREAS, Counties and each of them have declined to levy a tax of two (2) mills and have'adopted Resolutions declining to enter into a contract for the acquisition, development and , operation of the proposed state-owned inland port under the provisions of Section 6 of the Act, but Counties and each of them have requested District to act as the authorized agency under the Act and to enter into a Contract with the Tennestlee Valley Authority and the Mississippi Agricultural and Industrial Board for the
acquisition, development and operation of staid state-owned inland port ,pursuant to the provisions of said Act, 'underwriting the operation of the Port and obligations incurred'by said Board; and
Exhibit 14 - 25