Section 120.117 – Bonds as Securities; Investment; Deposit.
120.117 Bonds as securities; investment; deposit. Sec. 17. (1) Bonds issued under this act are securities in which all public officers and public agencies of the state and its political subdivisions and all banks, trust companies, savings and loan associations, investment companies, and others carrying on a banking business, all insurance companies and insurance associations […]
Section 120.118 – Additional Bonds for Acquisition of Port Facilities; Authorization; Resolution; Issuance and Execution of Bonds; Seal; Negotiable Instruments; Maturities; Payment; Tax Exemption; Issuance of Bonds or Notes Subject to Revised Municipal Finance Act.
120.118 Additional bonds for acquisition of port facilities; authorization; resolution; issuance and execution of bonds; seal; negotiable instruments; maturities; payment; tax exemption; issuance of bonds or notes subject to revised municipal finance act. Sec. 18. (1) In addition to the bonds authorized in section 14, bonds may be issued for the purpose of acquiring port […]
Section 120.31 – Property Rights in Improvements; Cooperation Between Port District and Certain Other Public Bodies.
***** 120.31 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.31 Property rights in improvements; cooperation between port district and certain other public bodies. Sec. 31. No improvements shall be acquired or constructed by the port district unless such improvements shall, when completed, be the property of such port district, the […]
Section 120.32 – Power to Borrow in Anticipation of Tax.
***** 120.32 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.32 Power to borrow in anticipation of tax. Sec. 32. (1) A port commission is hereby authorized, prior to the receipt of taxes raised by a levy, to borrow money or issue the warrants of the district in anticipation of the […]
Section 120.33 – Fund Created; Special Funds; Disbursement.
***** 120.33 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.33 Fund created; special funds; disbursement. Sec. 33. The county treasurer of the county in which the port district is located, or in the event that the district covers 2 or more whole counties, then the county treasurer designated by the […]
Section 120.34 – Annual Reports; Budgets; Budget Committee.
***** 120.34 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.34 Annual reports; budgets; budget committee. Sec. 34. The commission shall on or before September 1 of each year submit a written report to the governor, the legislature, the public service commission, and the governing body of the cities or townships […]
Section 120.34a – Port Districts Coterminous With Cities and Townships; Powers of Local Governing Bodies.
***** 120.34a THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.34a Port districts coterminous with cities and townships; powers of local governing bodies. Sec. 34a. In construing this act, port districts coterminous with a city or township shall follow the same procedure, as near as may be, substituting the local governing […]
Section 120.35 – Construction of Act.
***** 120.35 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 ***** 120.35 Construction of act. Sec. 35. This act shall not be construed to repeal, amend, or modify any law heretofore enacted, providing a method of harbor improvement, regulation or control in this state, but shall be held to be an additional […]
Section 120.36 – Repealed. 1966, Act 318, Eff. Mar. 10, 1967.
120.36 Repealed. 1966, Act 318, Eff. Mar. 10, 1967. Compiler’s Notes: The repealed section provided that nothing in port district act deemed to constitute a grant of state land.
Section 120.51 – Department of Commerce Designated State Agency; Cooperation and Negotiation With Port Districts and Harbor Facilities.
120.51 Department of commerce designated state agency; cooperation and negotiation with port districts and harbor facilities. Sec. 1. The department of commerce is designated the state agency to cooperate and negotiate with port districts, port authorities, other governments, governmental units and agencies thereof in matters concerning the planning, acquisition, development, operation, maintenance and administration of […]