(1) The governor, on behalf of this state, is hereby authorized to execute a compact in substantially the following form with the State of Alabama; and the legislature hereby signifies in advance its approval and ratification of such compact, which compact is as follows:
TOMBIGBEE-TENNESSEE WATERWAY DEVELOPMENT COMPACT
(2) There is hereby granted to the governor, to the members of the authority for Mississippi, and to the compact administrator all the powers provided for in said compact and in this section. All officers of the State of Mississippi are hereby authorized and directed to do all things falling within their respective jurisdictions which are necessary or incidental to carrying out the purpose of said compact.