Section 447.160 – Bonds and Notes Generally.
447.160 Bonds and notes generally. Sec. 10. (1) Bonds issued under this act may be executed and delivered at any time, may be issued as a single issue or from time to time as several issues, may be in the form and denominations, may be in coupon or registered form, may be payable in installments […]
Section 447.161 – Bonds or Security Agreement; Resolution; Trustee or Depository.
447.161 Bonds or security agreement; resolution; trustee or depository. Sec. 11. (1) The resolution under which the bonds are authorized to be issued or any security agreement, including an indenture or trust indenture to be entered into in connection with the bonds, may contain any agreements and provisions customarily contained in instruments securing bonds including, […]
Section 447.153 – Michigan Export Development Authority; Creation; Budgeting, Procurement, and Related Functions; Purpose of Authority.
447.153 Michigan export development authority; creation; budgeting, procurement, and related functions; purpose of authority. Sec. 3. (1) The Michigan export development authority is created as a body politic and corporate within, but not as a part of, the department of agriculture. The authority shall exercise the authority’s prescribed statutory powers, duties, and functions independently of […]
Section 447.154 – Board of Directors; Appointment, Qualifications, and Terms of Members; Vacancy; Oath or Affirmation; Reimbursement for Expenses; Election of Chairperson, Vice-Chairperson, Secretary, and Other Officers; Quorum; Majority Vote Sufficient for Action; Vote Necessary for Bonds.
447.154 Board of directors; appointment, qualifications, and terms of members; vacancy; oath or affirmation; reimbursement for expenses; election of chairperson, vice-chairperson, secretary, and other officers; quorum; majority vote sufficient for action; vote necessary for bonds. Sec. 4. (1) The governing and administrative powers of the authority are vested in a board of directors consisting of […]
Section 447.155 – Effect of Vacancy in Membership of Board; Authorization and Effective Date of Action by Board; Delegation of Powers and Duties; Liability or Accountability on Contract, Commitment, or Agreement; Liability for Damage or Injury; Indemnification of Board Members and Staff Officers; Appointment of Employees to Unclassified Positions; Terms.
447.155 Effect of vacancy in membership of board; authorization and effective date of action by board; delegation of powers and duties; liability or accountability on contract, commitment, or agreement; liability for damage or injury; indemnification of board members and staff officers; appointment of employees to unclassified positions; terms. Sec. 5. (1) A vacancy in the […]
Section 447.156 – Conducting Business at Public Meeting; Notice; Availability of Writings to Public; Confidentiality.
447.156 Conducting business at public meeting; notice; availability of writings to public; confidentiality. Sec. 6. (1) The business which the authority may perform shall be conducted at a public meeting of the authority held in compliance with the open meetings act, Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 […]
Section 447.157 – Powers of Authority Generally.
447.157 Powers of authority generally. Sec. 7. The authority shall possess all the powers of a body politic and corporate necessary and convenient to accomplish the purposes of this act including, but not limited to, all of the following powers: (a) To borrow money and otherwise incur indebtedness for any of its purposes including the […]
Section 447.2 – Foreign Trade Zones; Application for Establishment.
447.2 Foreign trade zones; application for establishment. Sec. 2. Any public or private corporation may make application for the privilege of establishing, operating and maintaining a foreign trade zone in accordance with the act of congress. History: 1963, Act 154, Eff. Sept. 6, 1963
Section 447.3 – Foreign Trade Zones; Rules and Regulations.
447.3 Foreign trade zones; rules and regulations. Sec. 3. Any public or private corporation, whose application is granted pursuant to the act of congress, may establish, operate and maintain a foreign trade zone subject to the conditions and restrictions of the act of congress and any amendments thereto, and under such rules and regulations and […]
Section 447.101 – International Commerce Division; Creation, Director.
447.101 International commerce division; creation, director. Sec. 1. There is created in the department of commerce a division of international commerce. The head of the division of international commerce shall be the director who shall be directly responsible to the director of the department of commerce. History: 1968, Act 24, Imd. Eff. May 17, 1968 […]