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2006 Michigan Compiled Laws - Act 147 of 1935


STATE BRIDGE COMMISSION; PUBLIC WORKS

Act 147 of 1935

AN ACT authorizing the acquisition, improvement, construction, operation and maintenance of certain public works by the state; providing for the creation of the state bridge commission; authorizing the issuance of revenue bonds of the state payable solely from earnings to pay the cost of such works; making such bonds exempt from taxation and making them eligible for certain investments; providing for the collection of fees, rents, tolls and other charges for the payment of such bonds and for the cost of maintenance, operation and repair of the works; declaring that no debt of the state shall be incurred in the exercise of any of the powers granted by this act; and providing for condemnation.


History: 1935, Act 147, Imd. Eff. June 4, 1935




The People of the State of Michigan enact:

DocumentDescription
Section 254.151State bridge commission; issuance of revenue bonds for public works.
Section 254.152State bridge commission; definitions.
Section 254.153State bridge commission; membership, oath, bond.
Section 254.154State bridge commission; acquisition of necessary property.
Section 254.155State bridge commission; purchase of public works.
Section 254.156Improvement of public works.
Section 254.157Construction of public works; agreements with other states and Canada.
Section 254.158Revenue bonds for public works; sale, notice; signature; report to administrative board.
Section 254.159Lien on bond proceeds.
Section 254.160Trust indenture; collateral security, surety bonds; expenses.
Section 254.161Revenues; contracts with state highway department and Ontario; elimination of tolls.
Section 254.162Powers of commission.
Section 254.163Action by trustee and bondholders.
Section 254.164Acceptance of contributions; use.
Section 254.165Competing ferries.
Section 254.166Alternative methods of act.
Section 254.167Construction of act.

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