Section 141.311 – Municipal Electric Plant; Purchase of Equipment on Conditional Sales Contract, Validation; Negotiability of Revenue Obligations.

141.311 Municipal electric plant; purchase of equipment on conditional sales contract, validation; negotiability of revenue obligations. Sec. 1. In any case where the governing body of any city or village in the state of Michigan which owns and operates its electric plant or system has adopted proceedings for the purchase of additional equipment for its […]

Section 141.312 – Definitions.

141.312 Definitions. Sec. 2. As used in this act: (a) The terms “city” and “village” mean any city and any village in the state of Michigan existing or operating under a special or home rule charter as well as any under a general charter; and (b) The term “electric revenue certificates” means evidences of obligations, […]