Section 123.671 – Short Title.

123.671 Short title. Sec. 1. This act shall be known and may be cited as “The market authority act of 1956”. History: 1956, Act 185, Imd. Eff. Apr. 24, 1956

Section 123.672 – Market Authority; Construction of Act.

123.672 Market authority; construction of act. Sec. 2. This act shall be construed as cumulative authority for the exercise of the powers herein granted and shall not be construed to repeal any existing laws with respect thereto. The powers conferred by this act shall not be affected or limited by any other statute or by […]

Section 123.673 – Market Authority; Establishment; Powers; Areas; “Farm Products” Defined; Location; Board of Directors; Construction, Repair, or Ornamentation of Market.

123.673 Market authority; establishment; powers; areas; “farm products” defined; location; board of directors; construction, repair, or ornamentation of market. Sec. 3. Any city, by ordinance, may establish a market authority, hereinafter also referred to as “the authority”, which shall be a corporate body having the responsibility to plan, establish, develop and supervise a public market […]

Section 123.674 – Market Authority; Board of Directors, Powers.

123.674 Market authority; board of directors, powers. Sec. 4. The board of directors of the market authority shall have the following powers: (1) To acquire by purchase, lease, or otherwise such land or any interest in land, or other property, real or personal, as may be necessary to the operation of the market and hold […]

Section 123.675 – Market Authority; Limitations on Operations.

123.675 Market authority; limitations on operations. Sec. 5. The following limitations shall govern the operations of the authority and its board of directors: (1) The authority shall be subject to all the zoning, building, fire, sanitary, health and other police ordinances and regulations of the state and political subdivisions in which it is established. (2) […]

Section 123.676 – Market Authority; Powers.

123.676 Market authority; powers. Sec. 6. The authority shall have power: (1) To issue bonds or notes for the purpose of acquiring and constructing markets. Said bonds or notes shall have such maturities, redemption rights shall bear such interest and shall have such other details as may be determined by the authority. Said bonds or […]

Section 123.677 – Market Authority; Acquisition of Property, Market Deemed Public Improvement.

123.677 Market authority; acquisition of property, market deemed public improvement. Sec. 7. Any authority established under this act may purchase, lease, accept by gift or devise, private property for the public purposes herein set forth and for no other purposes. The market so established shall be deemed to be a public improvement under the provisions […]

Section 123.678 – Market Authority; Property Subject to Taxation.

123.678 Market authority; property subject to taxation. Sec. 8. The real and personal property owned by the authority shall be subject to taxation. History: 1956, Act 185, Imd. Eff. Apr. 24, 1956

Section 123.679 – Market Authority; Audit, Filing, Violation.

123.679 Market authority; audit, filing, violation. Sec. 9. Immediately after the close of each fiscal year, every authority established pursuant to this act shall cause an audit to be made of its operations for the fiscal year. The audit shall be made by a certified public accountant, or firm of accountants not regularly employed by […]

Section 123.680 – Market Authority; Agreement With Secretary of Agriculture of United States for Mortgage Insurance.

123.680 Market authority; agreement with secretary of agriculture of United States for mortgage insurance. Sec. 10. The board of directors of the authority shall be authorized to enter into agreements with the secretary of agriculture of the United States, hereinafter called “the secretary”, under any applicable federal law providing for the insurance of mortgages for […]