2006 Michigan Compiled Laws - Act 235 of 1947


JOINT WATER AND SEWAGE DISPOSAL SYSTEM

Act 235 of 1947

AN ACT to regulate the ownership, extension, improvement and operation of public water and sewage disposal systems lying within 2 or more public corporations; to authorize the acquisition, by any public corporation, of that part of a public water or sewage disposal system lying within its boundaries; and to provide for the payment and security of revenue bonds issued for the construction, acquisition, extension and improvement of such systems.


History: 1947, Act 235, Eff. Oct. 11, 1947




The People of the State of Michigan enact:

DocumentDescription
Section 123.331Public corporation; definition.
Section 123.332Water and sewage disposal system; acquisition through change of boundaries; referendum.
Section 123.333Disposal system; electors' approval; ordinance.
Section 123.334Disposal system; joint board or commission, control; members, election.
Section 123.335Disposal system; alternative plans for division or operation.
Section 123.336Disposal system; retirement of bonds; noncallable bonds; bond and interest redemption fund; payment priority; bonds subject to revenue bond act of 1933.
Section 123.337Disposal system; operation as a single unit; segregation and disposition of revenues, retirement of bonds.
Section 123.338Disposal system; operation as a separate unit after retirement of bonds; collection and disposition of revenues.
Section 123.339Disposal system; division between public corporations; proportionate share of expenses or indebtedness.
Section 123.340Disposal system; operation by joint board or agency as unit; fund payments; depreciation, contingent, and surplus funds; revised municipal finance act inapplicable.
Section 123.341Disposal system; apportionment of revenues, debts, properties; realty, purchase, use.
Section 123.342Disposal system provisions applicable.
Section 123.343Disposal system; cumulative effect of act; repeal of authority granted by other law.
Section 123.344Disposal system; joint acquisition by public corporations under other statutes; contracts.
Section 123.345Disposal system; contracts for division of systems existing or to be acquired.
Section 123.346Vote or proceeding by public corporation before effective date of act; validation.
Section 123.347Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited.

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