In lieu of exercising the authority herein granted, a port commission may cooperate and assist any authorized municipality, as defined in Sections 57-1-1 through 57-1-51, Mississippi Code of 1972, to which a certificate of public convenience and necessity has been issued under such sections, in the establishment of an industry or industries by such municipality, and may for such purpose or purposes, convey or lease any or all such lands to any such municipality, or join such municipality in the execution of a contract, lease, conveyance or other disposition for the operation of the industry, but any such disposition shall be subject to termination or revision of title in the event of abandonment of the industry, non-compliance with its terms, or non-user for the purposes for which same is made.
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