Michigan Compiled Laws Act 143 Of 1943 Borrowing For Road Purposes (141.251 - 141.254)

AN ACT to empower boards of county road commissioners to borrow money in anticipation and upon the faith and credit of future receipts of revenues, derived from certain state collected taxes, for the purpose of purchasing road machinery or equipment or for improvement of county highways or for general county road purposes.

History: 1943, Act 143, Eff. July 30, 1943 ;-- Am. 1951, Act 227, Eff. Sept. 28, 1951

Section 141.251 Borrowing Money And Issuing Notes For County Road Purposes; Resolution.
Boards of county road commissioners are authorized and empowered, upon the adoption of a resolution, to borrow money, the sum of which shall not...
Section 141.252 Notes; Issuance; Provisions.
All notes issued under this act are subject to all of the following provisions: (a) For the purpose of computing the amount that may...
Section 141.253 Repealed. 2002, Act 194, Imd. Eff. Apr. 29, 2002.
Compiler's Notes: The repealed section pertained to approval or denial by municipal finance commission or successor agency of borrowing and issuing of notes.
Section 141.254 Saving Clause; Pledging Allocated Revenues Prohibited.
Should any provision or section of this act be held to be invalid for any reason, such holding shall not be construed as affecting...

Last modified: October 10, 2016