141.151 Definitions. Sec. 1. As used in this act: (a) “Public corporation” means any body corporate organized by or pursuant to the laws of this state to carry out a public governmental or propriety function, including, without limitation on the foregoing, the state or any school district, city, village, township, county, district, commission, authority, university, […]
141.152 Maximum interest rate on certain bonds and evidences of indebtedness. Sec. 2. Notwithstanding the provisions of any other law, charter provision, ordinance, ballot or other proceedings to the contrary, any public corporation may agree or contract to pay interest on bonds or other evidences of indebtedness issued by it pursuant to law, subject where […]
141.153 Maximum interest rate on assessments or certain contract obligations; adjustment. Sec. 3. Notwithstanding the provisions of any other law, charter provision or ordinance to the contrary, any assessment made by a public corporation against any corporation, public or private, or any firm or person, or any contract obligation incurred by a public corporation, in […]
