There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 204 of 1933 — DEFAULTED MUNICIPAL BONDS (141.211 - 141.214)
Section 141.214 — Defaulted municipal bonds; payment of accepted tenders.
MI Comp L § 141.214 (2012 through Reg Sess) What's This?
DEFAULTED MUNICIPAL BONDS (EXCERPT)
Act 204 of 1933
141.214 Defaulted municipal bonds; payment of accepted tenders.
Sec. 4.
Upon the acceptance of any of such tenders, said bonds shall be paid at the price requested by such tenders, out of the funds available therefor of such special assessment district or improvement project, and such bonds as shall have been accepted in pursuance to such tenders shall be immediately cancelled.
History: 1933, Act 204, Imd. Eff. June 28, 1933 ;-- CL 1948, 141.214
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