123.951 Local building authorities; incorporation; purposes; “transit-oriented development” and “transit-oriented facility” defined. Sec. 1. (1) A county, city, village, or township may incorporate, as provided in this act, 1 or more authorities for the purpose of acquiring, furnishing, equipping, owning, improving, enlarging, operating and maintaining a building or buildings, automobile parking lots or structures, transit-oriented […]
123.952 Joint buildings and parking lots; authorities; incorporation; purposes. Sec. 2. Any combination of 2 or more counties, cities, townships, or villages may incorporate 1 or more joint authorities for the purpose of acquiring, furnishing, equipping, owning, improving, enlarging, operating, and maintaining buildings, automobile parking lots or structures, recreational facilities, stadiums, and the necessary sites […]
123.952a Joint buildings and parking lots of school districts and municipalities; authorities; incorporation; acquisition; operation; maintenance; use. Sec. 2a. A school district and a city, village, or township wholly or partially within the district’s boundaries, or a school district and any combination of 2 or more cities, villages, and townships wholly or partially within the […]
123.952b Public buildings used for disabled, developmentally disabled, or mentally disturbed children; constituent school districts and intermediate school districts; authority; purpose; contract. Sec. 2b. An intermediate school district and a constituent school district or districts wholly or partially within the intermediate school district’s boundaries may incorporate an authority for the purpose of acquiring, furnishing, equipping, […]
123.953 Incorporating unit; definition. Sec. 3. The term “incorporating unit” as used in this act shall be deemed to mean a county, city, village, township, intermediate school district or other school district incorporating an authority or joining in such incorporation. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;– CL 1948, […]
123.954 Incorporation of authority; procedure. Sec. 4. The incorporation of such an authority shall be accomplished by the adoption of articles of incorporation by the legislative body of each incorporating unit. For such adoption, the affirmative vote of the majority of the members elect of each such legislative body shall be required. The articles of […]
123.955 County and municipal building authority; articles of incorporation; contents; eligibility of governing body member for membership or appointment. Sec. 5. (1) The articles of incorporation shall set forth all of the following: (a) The name of the authority. (b) The name or names of the unit or units incorporating the authority. (c) The purpose […]
123.955a Joint building authority; commissioners; election and terms of members; chairperson; secretary; bylaws and rules of procedure; elected official as member; conducting business at public meeting; notice of meeting. Sec. 5a. (1) A joint building authority under section 2 incorporated by a county and a city, township, or village shall be directed and governed by […]
123.955b Board of commissioners; compensation, per diem, mileage. Sec. 5b. Members of the commission may be paid such compensation, and such per diem and mileage for attending meetings, as may be provided by the commission with the approval of the incorporating unit or units. History: Add. 1968, Act 96, Imd. Eff. June 6, 1968
123.956 Articles of incorporation; publication; statement; filing; effective date; presumption. Sec. 6. (1) The officer designated in the articles of incorporation shall cause a copy of the articles of incorporation or a summary of the articles to be published once in a newspaper designated in the articles of incorporation and circulating within the incorporating units […]
123.957 Building authority; body corporate; powers. Sec. 7. Such authority shall be a body corporate with power to sue and be sued in any court of this state. It shall possess all the powers necessary to carry out the purpose of its incorporation and those incident thereto. The enumeration of any powers in this act […]
123.958 Contracts to acquire property; leases and subleases; acquisitions constituting public purpose; stadiums. Sec. 8. The authority and its incorporating unit or units may only enter into a contract or contracts under which the authority will acquire property contemplated by the terms of this act and lease the same to the incorporating unit or units […]
123.958a Agreement in contract of lease to pay cash rental, costs, and expenses; general obligations; tax levy; other funds; setoff or abatement of cash rentals. Sec. 8a. (1) The incorporating unit or units contracting under this act shall in the contract of lease agree to pay to the authority, as cash rental for the property, […]
123.958b Contract of lease; full faith and credit general obligation; resolution submitting contract to vote of electors; effective date; notice of intention; referendum petition; election. Sec. 8b. (1) The governing body of an incorporating unit may, by a majority vote of its members, authorize the execution of a full faith and credit general obligation contract […]
123.958c Violation of MCL 168.1 to 168.992 applicable to petitions; penalties. Sec. 8c. A petition under section 8b, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, […]
123.959 Building authority; acquisition of property, condemnation. Sec. 9. For the purpose of accomplishing the objects of its incorporation the authority may acquire property by purchase, construction, lease, gift, devise or condemnation, and for the purpose of condemnation, it may proceed under the provisions of Act No. 149 of the Public Acts of 1911, as […]
123.960 Amendment of articles of incorporation. Sec. 10. Amendments may be made to articles of incorporation if adopted by the legislative body of each incorporating unit: Provided, That no such amendment shall impair the obligation of any bond or other contract. Any city or village which is the county seat of a county incorporating an […]
123.961 Building authority bonds or building authority refunding bonds; purpose; conditions; issuance of negotiable bonds to make cash rental payments. Sec. 11. (1) For the purpose of defraying all or part of the cost of acquiring, improving, and enlarging any building or buildings, automobile parking lots or structures, recreational facilities, stadiums, and the necessary site […]
123.961a Building authority revenue bonds or building authority revenue refunding bonds; purpose; prerequisites of issuance. Sec. 11a. For the purpose of defraying all or part of the cost of acquiring, improving, and enlarging any building or buildings, automobile parking lots or structures, recreational facilities, stadiums, and the necessary site or sites for the property, together […]
123.961b Ordinance or resolution authorizing issuance of bonds; adoption; contents. Sec. 11b. The ordinance or resolution authorizing issuance of bonds shall become effective upon its adoption unless otherwise specified in the ordinance or resolution and shall be recorded in the minutes of the commission as soon as practicable after its passage. The provisions of this […]
