397.321 Townships and villages; issuance of library bonds, approval by electors. Sec. 1. The township board of any organized township and the village council, or board of trustees, of any incorporated village in the state of Michigan are hereby authorized and empowered, upon an application signed by not less than 25 qualified electors of such […]
397.322 Referendum; notice. Sec. 2. The question of issuing the bonds, provided for in section 1 of this act, shall be submitted to the legal voters of such township, or incorporated village, by the township board, the village council or board of trustees, within 30 days after the filing of the application mentioned in section […]
397.323 Referendum; form of ballot; election process. Sec. 3. The vote upon such proposition shall be by printed ballot, and such ballots shall be in the following form: “For the issuing of bonds to (Purpose) Yes [ ].” “For the issuing of bonds to (Purpose) No [ ].” The election shall be conducted and the […]
397.324 Library bonds; vote; issuance; subject to revised municipal finance act. Sec. 4. If at an election a majority of the qualified electors present and voting upon the proposition vote in favor of the loan, the bonds shall be issued by the township board of the township or the village council or board of trustees […]
397.325 Repealed. 2002, Act 332, Imd. Eff. May 23, 2002. Compiler’s Notes: The repealed section pertained to issuance of bonds negotiated at less than par.
397.326 Declaration of necessity. Sec. 6. It is hereby declared that this act is immediately necessary for the public health, peace and safety. History: 1917, Act 5, Imd. Eff. Mar. 9, 1917 ;– CL 1929, 8093 ;– CL 1948, 397.326
