2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 42 of 1913 — COUNTY SINKING FUND COMMISSION (141.11 - 141.20)
Section 141.15 — County treasurer; duties as custodian, bond.
COUNTY SINKING FUND COMMISSION (EXCERPT)
Act 42 of 1913
141.15 County treasurer; duties as custodian, bond.
Sec. 5.
The county treasurer shall have custody of all moneys, securities and evidences of debt belonging to or pertaining to said sinking fund, and he shall pay out the moneys of said fund only by order of the board of sinking fund commissioners by a 2/3 vote of the members thereof as aforesaid, and upon the warrant of the chairman of the board of supervisors, countersigned by the clerk. The official bond of the county treasurer shall cover any and all funds in his hands belonging to the sinking fund.
History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2390 ;-- CL 1929, 1239 ;-- CL 1948, 141.15
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