Section 129.121 – Short Title; Bond Cremation Act.
129.121 Short title; bond cremation act. Sec. 1. This act shall be known and may be cited as the “bond cremation act”. History: 1962, Act 56, Eff. Mar. 28, 1963
Section 129.122 – Bond Cremation Act; Definitions.
129.122 Bond cremation act; definitions. Sec. 2. As used in this act: (a) “Public corporation” means any county, city, village, township, charter township, school district, community college district, port district, metropolitan district, drainage district, the state or any officer, agency, commission or department thereof, or any other public or governmental authority or agency within the […]
Section 129.123 – Cremation or Disintegration of Public Obligations or Interest Coupons.
129.123 Cremation or disintegration of public obligations or interest coupons. Sec. 3. Subject to the provisions of this act, the governing body of any public corporation may authorize the cremation or disintegration of obligations or interest coupons. As an alternative, subject to the provisions of this act, any public corporation may enter into an agreement […]
Section 129.124 – Public Bonds and Interest Coupons; Certificate of Cremation, Contents, Filing.
129.124 Public bonds and interest coupons; certificate of cremation, contents, filing. Sec. 4. Where obligations and interest coupons are cremated by a public corporation, it shall be done in the presence of the official of the public corporation having custody of the financial records of the public corporation, or a representative designated by such official, […]
Section 129.125 – Public Bonds and Interest Coupons; Obligations Not Considered Public Records.
129.125 Public bonds and interest coupons; obligations not considered public records. Sec. 5. The powers conferred by this act shall be construed as constituting complete and independent power and authority to do the things herein authorized, the provisions of any other statute or charter to the contrary notwithstanding. Obligations and interest coupons of public corporations […]