MCL - 451-1994-III-2-4-THE-TIMBER-INDUSTRY-501-7
Act 451 of 1994
BOND ISSUANCE PROVISIONS
| Document | Type | Description |
|---|---|---|
| Section 324.50156 | Section | Resolution authorizing bonds; provisions. |
| Section 324.50157 | Section | Resolution authorizing bonds; principal, interest, payment, and security; full faith and credit; trustees. |
| Section 324.50158 | Section | 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 | Section | Statement of liability on face of bond. |
| Section 324.50160 | Section | Applicability of part and resolution; enforcement of duties; recital in bond as evidence of validity; publication and effective date of resolution. |
| Section 324.50161 | Section | Refunding bonds. |
| Section 324.50162 | Section | Adoption of bonds by resolution of majority of board; bonds subject to revised municipal finance act. |
| Section 324.50163 | Section | Pledge and lien of pledge valid and binding; recordation not required. |
| Section 324.50164 | Section | Liability on bonds. |
| Section 324.50165 | Section | 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 | Section | Exemption from taxation. |