Section 141.138 – Trustee; Appointment; Powers and Duties; Pledging of Trust Funds.
141.138 Trustee; appointment; powers and duties; pledging of trust funds. Sec. 38. An ordinance authorizing the issuance of bonds under this act may provide for the appointment of a trustee with the powers and duties prescribed in the ordinance in respect to the bonds and the payment and security of the bonds including provision that […]
Section 141.139 – Water Pollution; Prevention or Abatement; Public Corporation May Accept Grants or Aid From u.s. Government.
141.139 Water pollution; prevention or abatement; public corporation may accept grants or aid from U.S. government. Sec. 39. Any public corporation is hereby authorized to apply for and accept grants or any other aid which the United States government or any agency thereof has authorized or may hereafter authorize to be given or made to […]
Section 141.140 – Allocation System for Private Activity Bonds; Establishment; Purpose; Applicability; Ratification of Prior Allocations; Revocation of Allocation; Applicability of Subsection (1).
***** 141.140 SUBSECTION (1) SHALL NOT APPLY AFTER DECEMBER 31, 1988: See (4) of 141.140 ***** 141.140 Allocation system for private activity bonds; establishment; purpose; applicability; ratification of prior allocations; revocation of allocation; applicability of subsection (1). Sec. 40. (1) Until otherwise provided by law, the state treasurer may establish and maintain an allocation system […]
Section 141.122a – Delinquent Tax Revenues; Statutory Lien; Commingling; Designation of Note and Interest Redemption Account; Set Aside of Reasonable Excess Amount; Reserve; Transfer of Surplus to County General Fund.
141.122a Delinquent tax revenues; statutory lien; commingling; designation of note and interest redemption account; set aside of reasonable excess amount; reserve; transfer of surplus to county general fund. Sec. 22a. (1) In the authorizing order, the county treasurer shall also provide that the delinquent tax revenues of the delinquent tax system are all subject to […]
Section 141.136 – Immediate Necessity.
141.136 Immediate necessity. Sec. 36. This act, being necessary for and to secure the public health, safety, convenience and welfare of the counties, cities, incorporated villages, townships, school districts, port districts, and metropolitan districts of the state of Michigan, shall be given immediate effect. History: 1933, Act 94, Imd. Eff. May 26, 1933 ;– CL […]
Section 141.123 – Appropriation and Use of Revenues for Payment of Operation and Maintenance Expenses; Appropriation and Use of Moneys Raised by Tax Levy.
141.123 Appropriation and use of revenues for payment of operation and maintenance expenses; appropriation and use of moneys raised by tax levy. Sec. 23. The borrower may appropriate and use, and may covenant to appropriate and use, any part of its available income or revenues derived from any source other than from the operation of […]
Section 141.137 – Condemnation of Property.
141.137 Condemnation of property. Sec. 37. Public corporations shall have the right and power to condemn property for public improvements. In the condemnation of property, public corporations may proceed under any act applicable thereto, or they may invoke and proceed under the provisions of Act No. 149 of the Public Acts of 1911, as the […]
Section 141.124 – Money in Several Accounts of Public Improvement; Separate Deposit Account; Investment.
141.124 Money in several accounts of public improvement; separate deposit account; investment. Sec. 24. (1) Money in the several accounts of the public improvement shall be deposited as designated by the governing body of the borrower. Money in the several accounts of the public improvement, except money in the bond and interest redemption account and […]
Section 141.124a – Deposit Accounts.
141.124a Deposit accounts. Sec. 24a. Money in the several accounts of the delinquent tax system shall be deposited as designated by the county board of commissioners of the county. Money in the several accounts of the delinquent tax system, except money in the note and interest redemption account and money derived from the proceeds of […]
Section 141.125 – Fixing Dates of Operating Year for Public Improvement.
141.125 Fixing dates of operating year for public improvement. Sec. 25. The ordinance authorizing the issuance of such bonds shall fix the dates of the beginning and ending of the operating year for such public improvement, subject to the right of the department of treasury to require that it correspond with the fiscal year of […]