Section 254.225 – Revenue Bonds; Issuance, Principal and Interest Payments, Date, Form, Signatures, Coupon or Registered, Sale, Approval, Proceeds, Use; Interim Receipts or Temporary Bonds.
254.225 Revenue bonds; issuance, principal and interest payments, date, form, signatures, coupon or registered, sale, approval, proceeds, use; interim receipts or temporary bonds. Sec. 5. The authority is hereby authorized to provide for the issuance, at one time or from time to time, of revenue bonds of the authority for the purpose of paying all […]
Section 254.226 – Revenue Bonds; Secured by Trust Agreement, Pledge, Provisions, Indemnifying Bonds, Expenses, Approval.
254.226 Revenue bonds; secured by trust agreement, pledge, provisions, indemnifying bonds, expenses, approval. Sec. 6. In the discretion of the authority the bonds issued under the provisions of this act may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having […]
Section 254.227 – Tolls; Collection; Contracts With Public Utilities; Appropriation of Revenue; Supervision and Regulation; Sinking Fund; Pledge.
254.227 Tolls; collection; contracts with public utilities; appropriation of revenue; supervision and regulation; sinking fund; pledge. Sec. 7. The authority is hereby authorized to fix, revise, charge, and collect tolls for the use of the project, and to contract with any person, partnership, association, or corporation for the placing of telephone, telegraph, pipelines, and electric […]
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
Section 254.191 – Short Title.
254.191 Short title. Sec. 1. This act shall be known and may be cited as the “blue water bridge plaza expansion oversight reporting act”. History: 2010, Act 11, Imd. Eff. Mar. 8, 2010