Sec. 20. Any 1 or more municipalities or other public corporations, either within or without an authority, may contract for the use of port facilities from an authority operating under this act. The charges specified in a contract shall be subject to increase by the authority at any time in order to provide funds to meet the obligations of the project involved. A contract authorized pursuant to this section shall be for a period of not more than 50 years.
Mich. Comp. Laws § 120.120
Contract for use of port facilities; increase in charges; duration of contract
Known as the Hertel-Law
The act spans §§ 120.101 to 120.130 (31 sections).
1978, Act 639, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.