Section 41.350f – Preparation and Levy of Assessment; Report.
41.350f Preparation and levy of assessment; report. Sec. 20f. After fixing a date for a public hearing pursuant to section 20e, the township board shall direct that the assessment authorized by section 20b be prepared by the township supervisor, who shall levy the total sum estimated of fire protection benefit apportioned in accordance with benefits […]
Section 41.341 – Water Mains Extended or Installed in Accordance With Similar Plan; Control by Township Board; Rules and Regulations; Publication; Amendment or Alteration; Notice.
41.341 Water mains extended or installed in accordance with similar plan; control by township board; rules and regulations; publication; amendment or alteration; notice. Sec. 11. If water mains have been extended or installed in accordance with a plan substantially similar to that contemplated by section 5, the township board, subject to provisions of any contract […]
Section 41.350g – Making Assessment on Special Assessment Roll or on Regular Township Tax Roll; Due Date; Collection; Return for Nonpayment.
41.350g Making assessment on special assessment roll or on regular township tax roll; due date; collection; return for nonpayment. Sec. 20g. The assessment authorized by section 20b may be made either on a special assessment roll or in a column provided for this purpose on the regular township tax roll. After the assessment has been […]
Section 41.342 – Definitions.
41.342 Definitions. Sec. 12. As used in sections 1 to 20a: (a) “Township water supply district” means the portion of the township described in the petition required by section 1. (b) “Private connection” means the tapping of a main and the connection of the main with a nonpublic building or premises as distinguished from a […]
Section 41.343 – Township Water Supply and Sewage Disposal System; Loan From Corporation; Bonds.
41.343 Township water supply and sewage disposal system; loan from corporation; bonds. Sec. 13. A corporation proposing to locate and construct, in a township having no sewage disposal system and a water supply system installed before June 14, 1951 under the terms of sections 1 to 12 that is inadequate for domestic and proposed industrial […]
Section 41.344 – Contract for Issuance and Delivery of Negotiable Revenue Bonds; Interest, Terms, and Conditions.
41.344 Contract for issuance and delivery of negotiable revenue bonds; interest, terms, and conditions. Sec. 14. A township borrowing pursuant to section 13 may enter into a contract with the corporation described in section 13 for the issuance and delivery to the corporation or its assigns of self-liquidating and fully negotiable revenue bonds for the […]
Section 41.345 – Exercise of Power by Ordinance; Incorporation and Publication of Contract as Part of Ordinance.
41.345 Exercise of power by ordinance; incorporation and publication of contract as part of ordinance. Sec. 15. The power conferred on a township by sections 13 and 14 shall be exercised by means of an ordinance adopted by the township board according to the procedure set forth in Act No. 191 of the Public Acts […]
Section 41.346 – Statutory Lien Upon Net Revenues; Net Revenues as Trust Funds.
41.346 Statutory lien upon net revenues; net revenues as trust funds. Sec. 16. There shall be created in an ordinance required by section 15 a lien, by this act made a statutory lien, upon the net revenues of the water supply and sewage disposal project authorized by section 13. The authorizing ordinance shall pledge the […]
Section 41.347 – Duration and Enforcement of Statutory Lien.
41.347 Duration and enforcement of statutory lien. Sec. 17. The net revenues pledged pursuant to section 13 remain subject to the statutory lien required by section 16 until payment in full of the principal of and interest upon the revenue bonds issued under section 13. The holder or holders of the bonds representing in the […]
Section 41.348 – Default in Payment of Principal or Interest on Bond; Appointment and Powers of Receiver.
41.348 Default in payment of principal or interest on bond; appointment and powers of receiver. Sec. 18. If there is a default in the payment of the principal of or interest upon a bond issued under section 13, a court having jurisdiction in a proper action may appoint a receiver to do 1 or more […]