2006 Michigan Compiled Laws - Mich. Comp. Laws § 390.373 Michigan college of mining and technology; board of control, borrowing power, issuance of obligations.
|
Act 9 of 1938 (Ex. Sess.) 390.373 Michigan college of mining and technology; board of control, borrowing power, issuance of obligations. Sec. 3. In carrying out the above power, said board may borrow money, pledging the rents and income received from the residence halls and housing units in excess of all operating expenses, for the discharge of loans so executed, and/or pledging the fees charged the students for the use and maintenance of social centers provided for them under this act and any revenue derived from the operation of the said centers for the discharge of loans so executed: Provided, That any obligations issued under the provisions of this act shall contain the provisions of section 4 of this act printed on the face thereof.
|
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
