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 141.115 – Bonds; Deposit and Investment of Sale Proceeds.
141.115 Bonds; deposit and investment of sale proceeds. Sec. 15. The governing body shall require that the proceeds of the sale of bonds issued under this act be deposited in an account or accounts separate from other money of the borrower in 1 or more banks, savings and loan associations, or credit unions, each having […]
Section 141.116 – Bonds; Use of Sale Proceeds; Cancellation of Bonds Acquired by Purchase; Payment of Capitalized Interest.
141.116 Bonds; use of sale proceeds; cancellation of bonds acquired by purchase; payment of capitalized interest. Sec. 16. Money received from the sale of bonds shall be used solely for the payment of project costs. An unexpended balance of the proceeds of the sale of any bonds remaining after the completion of the project for […]
Section 141.117 – Bonds; Validity of Signatures.
141.117 Bonds; validity of signatures. Sec. 17. In case any of the officers whose signatures or counter-signatures appear on the bonds or coupons shall cease to be such officers before delivery of such bonds, such signatures or counter-signatures shall nevertheless be valid and sufficient for all purposes the same as if they had remained in […]
Section 141.118 – Charges for Services; Providing Medical Care Without Charge or at Reduced Rates.
141.118 Charges for services; providing medical care without charge or at reduced rates. Sec. 18. (1) Except as provided in subsection (2), free service shall not be furnished by a public improvement to a person, firm, or corporation, public or private, or to a public agency or instrumentality. The reasonable cost and value of any […]
Section 141.119 – Additional Bonds.
141.119 Additional bonds. Sec. 19. (1) A borrower issuing bonds for any public improvement pursuant to this act, at the time of the authorization of the bonds, may provide in the authorizing ordinance for the issuance of additional bonds of equal standing for its completion in the event the bonds first authorized shall prove to […]
Section 141.120 – Revenue Refunding Bonds.
141.120 Revenue refunding bonds. Sec. 20. (1) If a borrower has outstanding any bonds issued under this act, it may issue and negotiate new bonds under this act for the purpose of providing for the retirement of those outstanding bonds, in whole or in part. The new bonds shall be designated “revenue refunding bonds”. Except […]
Section 141.107b – Delinquent Tax Revolving Fund; Continuation Under MCL 211.87b; Borrowing Money and Issuing Revenue Notes; Order; Delinquent Tax Revenue as Security; Segregated Fund or Account; Requirements Applicable to Notes; Limited Tax Full-Faith and Credit Obligations of County; Insufficient Tax Proceeds; Pledge of County’s General Fund as Security; Conditions; Other Provisions; Exemption From Tax; Payment; Registration; Powers of County Treasurer; Security Under Trust or Escrow Agreement; Exemption From MCL 141.2101 to 141.2821.
141.107b Delinquent tax revolving fund; continuation under MCL 211.87b; borrowing money and issuing revenue notes; order; delinquent tax revenue as security; segregated fund or account; requirements applicable to notes; limited tax full-faith and credit obligations of county; insufficient tax proceeds; pledge of county’s general fund as security; conditions; other provisions; exemption from tax; payment; registration; […]