There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 265 of 1988
| AN ACT to authorize district libraries to acquire, construct, or furnish real or personal property for use for library purposes; to authorize district libraries to borrow money and issue bonds and notes and refunding bonds and notes for those acquisitions; and to authorize district libraries to levy a tax for, and to pledge their full faith and credit to, the payment of contracts, bonds, and notes.
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| Document | Description |
| Section 397.281 | Short title. |
| Section 397.282 | Definitions. |
| Section 397.283 | Powers of board. |
| Section 397.284 | Limitation on borrowing money or issuing bonds or notes; conditions to issuance of general obligation unlimited tax bonds; ballot question. |
| Section 397.285 | Issuance of limited tax bonds or notes by resolution. |
| Section 397.286 | Repealed. 1989, Act 25, Imd. Eff. May 22, 1989. |
| Section 397.287 | Bonds as debt of district library; withdrawal of participating municipality from district library. |
| Section 397.288 | Authorization and levy of taxes to pay principal of and interest on bonds. |
| Section 397.289 | Bonds subject to revised municipal finance act. |
| Section 397.290 | Submission of proposal to issue bonds; limitation. |
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.
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