123.331 Public corporation; definition. Sec. 1. The term “public corporation” as used herein shall be deemed to mean any county, metropolitan district, city, village or township in this state. History: 1947, Act 235, Eff. Oct. 11, 1947 ;– CL 1948, 123.331
123.332 Water and sewage disposal system; acquisition through change of boundaries; referendum. Sec. 2. When any public corporation shall have acquired any water or sewage disposal system, and, by subsequent incorporation, annexation or other change of boundaries, the land in which any part of such system lies shall have been placed within the boundaries of […]
123.333 Disposal system; electors’ approval; ordinance. Sec. 3. If such proposition shall receive the favorable vote of 3/5 of the electors voting thereon, the legislative or governing body of such public corporation may adopt an ordinance providing for taking the ownership of that portion of such system lying within its boundaries on a specified date […]
123.334 Disposal system; joint board or commission, control; members, election. Sec. 4. On or before the date specified in said ordinance, it shall be the duty of each of such public corporations, by its legislative or governing body, to elect 1 member of a joint board or commission. The members so elected shall elect 1 […]
123.335 Disposal system; alternative plans for division or operation. Sec. 5. The several public corporations in which said system lies may, at any time before or after the date specified, enter into a contract providing, in lieu of the provisions of section 4 of this act, for the division of such system, between the several […]
123.336 Disposal system; retirement of bonds; noncallable bonds; bond and interest redemption fund; payment priority; bonds subject to revenue bond act of 1933. Sec. 6. (1) If there are outstanding revenue bonds issued for the acquisition, construction, extension, or improvement of the system, the bonds may be retired either by the issue of joint refunding […]
123.337 Disposal system; operation as a single unit; segregation and disposition of revenues, retirement of bonds. Sec. 7. The integrity and unit of operation of the entire system as a single unit shall be preserved, and the segregation, safekeeping and disposition of its revenues as provided by the bond ordinance shall be continued until all […]
123.338 Disposal system; operation as a separate unit after retirement of bonds; collection and disposition of revenues. Sec. 8. After all outstanding bonds have been paid or their priority secured as aforesaid, or have been retired by the issue of separate refunding bonds, by the several public corporations, jointly or severally, or by the assumption […]
123.339 Disposal system; division between public corporations; proportionate share of expenses or indebtedness. Sec. 9. If any such system shall be divided, each public corporation shall provide for the operation of its portion and for the proper proportion of any expenses common to the entire system or separate systems, including payment of interest and principal […]
123.340 Disposal system; operation by joint board or agency as unit; fund payments; depreciation, contingent, and surplus funds; revised municipal finance act inapplicable. Sec. 10. (1) If the system is operated as a single unit, by a joint board or by 1 public corporation as agent for all, the operating board or agency shall provide […]
123.341 Disposal system; apportionment of revenues, debts, properties; realty, purchase, use. Sec. 11. Unless otherwise provided by contract, all revenues subject to apportionment and all outstanding indebtedness to be separately refunded or assumed by the several public corporations shall be divided in proportion to the net revenues received during the preceding fiscal year from services […]
123.342 Disposal system provisions applicable. Sec. 12. Except as herein provided, all such systems shall be subject to the provisions of Act No. 94 of the Public Acts of 1933, as now or hereafter amended. History: 1947, Act 235, Eff. Oct. 11, 1947 ;– CL 1948, 123.342 Compiler’s Notes: For provisions of Act 94 of […]
123.343 Disposal system; cumulative effect of act; repeal of authority granted by other law. Sec. 13. This act is cumulative authority for the exercise of the powers hereby granted, and does not repeal any existing authority granted by any other law. History: 1947, Act 235, Eff. Oct. 11, 1947 ;– CL 1948, 123.343
123.344 Disposal system; joint acquisition by public corporations under other statutes; contracts. Sec. 14. Any public corporations which may, heretofore or hereafter, have jointly acquired the ownership or right to operate any water or sewage disposal system under any other statute may make any contract in regard to such system of the nature hereby authorized. […]
123.345 Disposal system; contracts for division of systems existing or to be acquired. Sec. 15. Any public corporation which may, heretofore or hereafter, have acquired a water or sewage disposal system extending beyond its own boundaries and any public corporation into whose territory any such system shall extend, may divide such system by a contract […]
123.346 Vote or proceeding by public corporation before effective date of act; validation. Sec. 16. Any vote or proceeding authorized hereby which may have been taken by any public corporation before the effective date of this act is hereby validated. History: 1947, Act 235, Eff. Oct. 11, 1947 ;– CL 1948, 123.346
123.347 Act not deemed part of bondholders’ contract; proceedings impairing contracts prohibited. Sec. 17. This act shall not be deemed to be a part of the bond contract between a public corporation hereafter issuing any revenue bonds and the holders of such bonds, and no proceedings shall be taken hereunder which will impair the contract […]
