Drainage Districts; Consolidation; Bonds and Contracts, Assumption by Consolidated District - Mich. Comp. Laws Section 280.445
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Michigan Laws > Drain Code Of 1956 > Drainage Districts; Consolidation; Bonds and Contracts, Assumption by Consolidated District - Mich. Comp. Laws Section 280.445
280.445 Drainage districts; consolidation; bonds and contracts, assumption by consolidated district.
Sec. 445.
The merging of any drainage district into a consolidated district shall not affect the obligation of any bonds issued or contracts entered into by such district nor invalidate the levy, extension or collection of any taxes or special assessments upon property in the debtor district, but such bonds and contracts shall be taken over and assumed by the consolidated district, and all outstanding special assessments shall be collected and paid over to the consolidated district for the payment of the obligations theretofore issued or contracts entered into by the debtor district.
History: 1956, Act 40, Imd. Eff. Mar. 28, 1956
Popular Name: Act 40
Section: 280.434 280.435 280.441 280.441a 280.442 280.443 280.444 280.445 280.446 280.447 280.448 280.461 280.462 280.463 280.464
Last modified: March 17, 2013
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