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2022 Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)
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.
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