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Mich. Comp. Laws § 123.365

Self-liquidating bonds, secured by revenues; liability

Applied in 1 court decision — leading case Alan v. Wayne County (1972)

Most recently applied in Alan v. Wayne County (August 1972)

1951, Act 266, Eff

Sec. 5. For the purpose of defraying the cost of purchasing, acquiring, constructing, improving, installing, extending, enlarging, adjusting and/or repairing a garbage disposal equipment system, any city or village may issue self-liquidating bonds in accordance with the provisions of Act No. 94 of the Public Acts of 1933, as amended, being sections 141.101 to 141.139, inclusive, of the Compiled Laws of 1948. Such bonds shall not impose any liability upon the city or village, but shall be secured only by the revenues from the garbage disposal equipment system.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.