There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 397 - LIBRARIES
Act 265 of 1988 - DISTRICT LIBRARY FINANCING ACT (397.281 - 397.290)
Section 397.285 - Issuance of limited tax bonds or notes by resolution.
DISTRICT LIBRARY FINANCING ACT (EXCERPT)Act 265 of 1988
397.285 Issuance of limited tax bonds or notes by resolution.
Sec. 5.
Except as otherwise provided in section 4, a district library may issue limited tax bonds or notes by resolution of the board, without submitting the question to the electors of the district.
History: 1988, Act 265, Imd. Eff. July 15, 1988
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Am. 1989, Act 25, Imd. Eff. May 22, 1989
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Am. 2002, Act 345, Imd. Eff. May 23, 2002
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