MCL - Index of 451-1994-III-2-4-THE-TIMBER-INDUSTRY-501-7

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
451-1994-III-2-4-THE-TIMBER-INDUSTRY-501-7 SUBPART 7 BOND ISSUANCE PROVISIONS (324.50156...324.50166)
Section 324.50156 Resolution authorizing bonds; provisions.
Section 324.50157 Resolution authorizing bonds; principal, interest, payment, and security; full faith and credit; trustees.
Section 324.50158 Special debt service reserve fund; creation; purpose; sources and use of money; transfer of income or interest; limitation on approved reserve fund requirement; limitation on issuance of bonds.
Section 324.50159 Statement of liability on face of bond.
Section 324.50160 Applicability of part and resolution; enforcement of duties; recital in bond as evidence of validity; publication and effective date of resolution.
Section 324.50161 Refunding bonds.
Section 324.50162 Adoption of bonds by resolution of majority of board; bonds subject to revised municipal finance act.
Section 324.50163 Pledge and lien of pledge valid and binding; recordation not required.
Section 324.50164 Liability on bonds.
Section 324.50165 Pledge and agreement of state not to impair rights and remedies of bondholders; bonds as negotiable instruments; bonds as securities; investment in bonds.
Section 324.50166 Exemption from taxation.