Section 141.122 – Accounting of Revenues; Order of Priority; Disposition of Surplus.
141.122 Accounting of revenues; order of priority; disposition of surplus. Sec. 22. (1) In the authorizing ordinance the governing body of the borrower shall provide that the revenues of the public improvement be accounted for separately from the other funds and accounts of the borrower in the following order of recorded priority: (a) After provision […]
Section 141.134 – Liberal Construction of Act.
141.134 Liberal construction of act. Sec. 34. 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 liberally construed to effect the purposes hereof. History: 1933, Act 94, Imd. […]
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 […]
Section 141.126 – Receiving Fund Surplus; Deposit.
141.126 Receiving fund surplus; deposit. Sec. 26. Any money remaining in the accounts of the public improvement at the end of any operating year, which under the provisions of section 22 shall be considered surplus, may be transferred to other accounts of the public improvement or may be used for the purpose or purposes as […]