Section 254.240 – Repeal.
254.240 Repeal. Sec. 20. The provisions of Act No. 237 of the Public Acts of 1935, as amended, being sections 254.201 to 254.216, inclusive, of the Compiled Laws of 1948, except for the provisions of section 2 thereof, are hereby repealed. All other general or special laws, or parts thereof, inconsistent herewith are hereby declared […]
Section 254.301 – Mackinac Bridge Authority, Definitions.
254.301 Mackinac bridge authority, definitions. Sec. 1. As used in this act the following words and terms shall have the following meanings: (a) The word “authority” shall mean the Mackinac bridge authority herein created. (b) The word “board” shall refer to the members of the authority. (c) The word “bridge” shall mean the project for […]
Section 254.301a – Self-Insurance of Bridge Assets and Activities; Agreement; Self-Insurance Reserve Account; Payments; Litigation.
254.301a Self-insurance of bridge assets and activities; agreement; self-insurance reserve account; payments; litigation. Sec. 1a. (1) The authority may enter into an agreement with the state transportation department to provide for the self-insurance of bridge assets and activities. The agreement shall set forth the terms and conditions of the self-insurance consistent with this section. (2) […]
Section 254.302 – Mackinac Bridge Authority; Creation; Powers; Membership; Compensation; Expenses; Oath; Bond; Election of Chairperson; Funds; Quorum; Personnel; Executive Secretary.
254.302 Mackinac bridge authority; creation; powers; membership; compensation; expenses; oath; bond; election of chairperson; funds; quorum; personnel; executive secretary. Sec. 2. (1) The Mackinac bridge authority is created within the department of transportation as a nonsalaried entity, a public benefit corporation, and an agency and instrumentality of the state of Michigan. The Mackinac bridge authority […]
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 254.228 – Trust Funds; Depository Acting as Trustee.
254.228 Trust funds; depository acting as trustee. Sec. 8. All moneys received pursuant to the authority of this act, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this act. The resolution authorizing the bonds or the […]
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 254.229 – Trust Agreement or Resolution; Enforcement.
254.229 Trust agreement or resolution; enforcement. Sec. 9. Any holder of bonds issued under the provisions of this act or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement or the resolution authorizing the issuance of […]
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 254.230 – Bonds; Negotiable Instruments.
254.230 Bonds; negotiable instruments. Sec. 10. Notwithstanding any of the foregoing provisions of this act or any recitals in any bonds issued under the provisions of this act, all such bonds shall be deemed to be negotiable instruments under the laws of this state. History: 1954, Act 99, Imd. Eff. Apr. 12, 1954