2006 Michigan Compiled Laws - Act 321 of 1909


DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE

Act 321 of 1909

AN ACT to provide for the depositing and safeguarding of public moneys belonging to villages within the state of Michigan.


History: 1909, Act 321, Eff. Sept. 1, 1909




The People of the State of Michigan enact:

DocumentDescription
Section 129.41Public funds of incorporated village; deposit; secured deposits; limitation on acceptable assets; warrants and orders; profits; liability for loss; ordinance or resolution; conduct and inspection of proceedings; accrual of profits to village general fund.
Section 129.42Security for deposit prohibited.
Section 129.43Limitation on deposit of additional public funds.
Section 129.44"Deposit" defined.
Section 129.45"Financial institution" defined.

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