To lease, except to parallel or competing lines, its railroad and all of its property and franchises, rights, powers, privileges, and immunities then owned or thereafter to be acquired, for a term of years, and to lease, except from parallel or competing lines, other railroads, in or out of this state for a term of years.
Leasing railroad and its properties
Miss. Code Ann. § 77-9-165, under Railroads and Railroad Corporations.
Miss. Code Ann. § 77-9-165