Section 254.330 – Operation of Ferries.
254.330 Operation of ferries. Sec. 20. The authority may, if it sees fit, at any time, when for any reason the bridge may be out of service, acquire through purchase, lease or otherwise and operate 1 or more ferries for the purpose of conveying passengers and freight between the upper and lower peninsulas, in which […]
Section 254.311 – Mackinac Bridge Authority; Definitions; Scope of Act.
254.311 Mackinac bridge authority; definitions; scope of act. Sec. 1. As used in this act: (a) “Authority” means the Mackinac bridge authority created in 1950 (Ex Sess) PA 21, MCL 254.301 to 254.302. This subdivision does not apply to sections 14a, 14b, 14d, and 14e. (b) “Board” means the members of the authority. This subdivision […]
Section 254.312 – Mackinac Bridge Authority; Corporate Existence, Terms.
254.312 Mackinac bridge authority; corporate existence, terms. Sec. 2. The corporate existence of the authority shall continue until all of its liabilities have been met and the bonds, including refunding bonds, have been paid in full or otherwise discharged and when all such liabilities and bonds have been discharged in full, all rights and properties […]
Section 254.313 – Repealed. 2005, Act 331, Imd. Eff. Dec. 28, 2005.
254.313 Repealed. 2005, Act 331, Imd. Eff. Dec. 28, 2005. Compiler’s Notes: The repealed section pertained to power of the authority to conduct preliminary examinations and provisions relating to appropriations.
Section 254.314 – Mackinac Bridge Authority; Bridge Construction, Bond Proceeds; Property Acquisition and Condemnation, Surveys, Easements.
254.314 Mackinac bridge authority; bridge construction, bond proceeds; property acquisition and condemnation, surveys, easements. Sec. 4. The authority is hereby authorized and empowered to construct a suitable bridge (as “construct” and “bridge” are above defined) joining and linking together the upper peninsula and the lower peninsula of Michigan and to operate, maintain, improve and repair […]
Section 254.315 – Revenue Bonds; Purposes; Sale or Exchange of Refunding Bonds; Contracts for Fiscal Agents’ Services; Payment of Principal, Interest, and Redemption Premiums; Serial Bonds or Term Bonds; Statement; Signatures; Negotiability; Tax Exemption; Sale; Approval; Temporary Bonds; Recital; Scope of Section.
254.315 Revenue bonds; purposes; sale or exchange of refunding bonds; contracts for fiscal agents’ services; payment of principal, interest, and redemption premiums; serial bonds or term bonds; statement; signatures; negotiability; tax exemption; sale; approval; temporary bonds; recital; scope of section. Sec. 5. (1) The authority may by resolution of the board provide for the issuance […]
Section 254.316 – Mackinac Bridge Authority; Security, Trust Indenture; Authority, Duties; Annual Audit; Depository; Collateral Security; Approval.
254.316 Mackinac bridge authority; security, trust indenture; authority, duties; annual audit; depository; collateral security; approval. Sec. 6. In the discretion of the board any series of bonds hereunder may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers […]