Section 254.165 – Competing Ferries.
254.165 Competing ferries. Sec. 15. Competing ferries. If the commission shall provide for the issuance hereunder of a single issue of revenue bonds for the purpose of paying the cost of constructing a bridge or tunnel and of acquiring a ferry or ferries within 5 miles of the location which shall be selected for such […]
Section 254.166 – Alternative Methods of Act.
254.166 Alternative methods of act. Sec. 16. Act provides alternative method. This act shall be deemed to provide an additional and alternative method for the doing of the things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any […]
Section 254.167 – Construction of Act.
254.167 Construction of act. Sec. 17. Act liberally construed. This act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof. History: 1935, Act 147, Imd. Eff. June 4, 1935 ;– CL 1948, 254.167
Section 254.156 – Improvement of Public Works.
254.156 Improvement of public works. Sec. 6. Improvement of works purchased. At or before the time any such works shall be acquired by purchase, it shall be the duty of the commission to determine what repairs, replacements, additions or betterments will be necessary to place the works in safe and efficient condition for use, and […]
Section 254.157 – Construction of Public Works; Agreements With Other States and Canada.
254.157 Construction of public works; agreements with other states and Canada. Sec. 7. Construction of works. The commission is hereby authorized to construct, whenever it shall deem such construction expedient, any public works hereinabove specified, the cost of such construction to be paid wholly by means of or with the proceeds of revenue bonds hereinafter […]
Section 254.158 – Revenue Bonds for Public Works; Sale, Notice; Signature; Report to Administrative Board.
254.158 Revenue bonds for public works; sale, notice; signature; report to administrative board. Sec. 8. Revenue bonds. The commission is hereby authorized to provide by resolution for the issuance of revenue bonds of the state (A) for the purpose of paying the cost as hereinabove defined of any 1 or more public works which said […]
Section 254.159 – Lien on Bond Proceeds.
254.159 Lien on bond proceeds. Sec. 9. Lien upon bond proceeds. All moneys received from any revenue bonds issued pursuant to this act shall be applied solely to the payment of the cost of the works or to the appurtenant sinking fund, and there shall be and hereby is created and granted a lien upon […]
Section 254.160 – Trust Indenture; Collateral Security, Surety Bonds; Expenses.
254.160 Trust indenture; collateral security, surety bonds; expenses. Sec. 10. Trust indenture. In the discretion of the commission, any series or issue of such revenue bonds may be secured by a trust indenture by and between the commission and a corporate trustee, which may be any trust company or bank having the powers of a […]
Section 254.161 – Revenues; Contracts With State Highway Department and Ontario; Elimination of Tolls.
254.161 Revenues; contracts with state highway department and Ontario; elimination of tolls. Sec. 11. Tolls, fees, rents, rates or other charges shall be fixed, charged and collected for the use of such works and shall be so fixed and adjusted, in respect to the aggregate of such tolls, fees, rents, rates or other charges from […]
Section 254.162 – Powers of Commission.
254.162 Powers of commission. Sec. 12. Powers. The commission shall have power to make and enter into all contracts or agreements necessary or incidental to the execution of its powers under this act, and may employ engineering, architectural and construction experts and inspectors and attorneys, and such other employes as may be deemed necessary, and […]