2010 Michigan Compiled Laws
Chapter 141 - MUNICIPAL FINANCING
Act 161 of 1923 - BOARD OF SINKING FUND COMMISSIONERS (141.31 - 141.40)

BOARD OF SINKING FUND COMMISSIONERS
Act 161 of 1923
AN ACT to provide for the establishment of county sinking funds and to create a county sinking fund commission; to prescribe the powers and duties thereof; to prescribe penalties and provide remedies; and to repeal all acts and parts of acts contravening the provisions of this act.

History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- Am. 1998, Act 163, Eff. Mar. 23, 1999

• Section 141.31 - Bond issues; requisite sinking funds.
• Section 141.32 - Sinking fund commissioners.
• Section 141.33 - Sinking fund commissioners; control of fund, application; payment, manner.
• Section 141.34 - Sinking fund commissioners; handling of funds, investment; bonded debt.
• Section 141.35 - Sinking fund commissioners; annual meeting, procedure; rules; authorizing vote; clerk, records.
• Section 141.36 - Sinking fund commissioners; condition reports to board; tax recommendations.
• Section 141.37 - Bond sale; interest, credit; expenses of commissioners.
• Section 141.38 - Suit on securities.
• Section 141.39 - Saving clause; construction of act.
• Section 141.40 - Violation of MCL 168.1 to 168.992 applicable to petitions; penalties.