Sec. 1. The legislative or governing body of any political subdivision is hereby authorized and empowered to create and establish a fund or funds for the purpose of appropriating, providing for, setting aside and accumulating moneys to be used for acquiring, constructing, extending, altering, repairing or equipping public improvements or public buildings, which said political subdivision may by the provisions of its charter or the general law be authorized to acquire, construct, extend, alter, enlarge, equip or repair.
Mich. Comp. Laws § 141.261
Funds for public improvements or buildings
Applied in 1 court decision — leading case 33 Mich. App. 479 - Edward Rose Sales Co. v. Kalamazoo Township (1971)
Most recently applied in 33 Mich. App. 479 - Edward Rose Sales Co. v. Kalamazoo Township (May 1971)
1943, Act 177, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.