Michigan Compiled Laws 38-1969-3 Chapter 3 (331.51...331.63)

• Section 331.51 Incorporation Of Local Hospital Authority; Purposes.
  An incorporating unit may incorporate a local hospital authority under this act for the purposes of constructing, acquiring, reconstructing, remodeling, improving, adding to, enlarging,...
• Section 331.52 Local Authority; Articles Of Incorporation, Adoption, Certificate Form.
  The incorporation of a local hospital authority shall be accomplished by the adoption of articles of incorporation by the governing body of the incorporating...
• Section 331.53 Local Authority; Articles, Contents.
  The articles of incorporation shall set forth the name of the local authority, which name shall include the world “hospital”; the name of the...
• Section 331.54 Local Authority; Articles, Execution, Filing, Publication; Validity Of Incorporation.
  The articles of incorporation shall be executed in duplicate and delivered to the county clerk of the county in which the local authority is...
• Section 331.55 Local Authority; Articles, Amendment.
  Amendments may be made to articles of incorporation if adopted by the governing body of the incorporating unit. No amendment shall impair the obligation...
• Section 331.56 Local Authority As Public Body Corporate; Enumeration Of Powers; General Powers Not Limited; Conducting Business At Public Meeting; Notice.
  (1) Each local authority is a public body corporate, having the succession and term as may be provided in its articles of incorporation. It...
• Section 331.57 Powers Of Local Authority.
  A local authority may: (a) Construct, acquire by gift, purchase, lease, or condemnation, reconstruct, remodel, improve, add to, enlarge, repair, own, and lease hospital...
• Section 331.57a Hospital Loan From Local Authority; Purpose; Requirements; Security; Appointment Of Receiver; Limitation On Loan; Repayment; Interest.
  A local authority may lend money to hospitals for the payment of project costs. A hospital loan shall not be made unless the local...
• Section 331.58 Power Of Local Authority To Borrow Money And Issue Negotiable Bonds; Purpose; Payment Of Principal And Interest; Bond Or Coupon Not General Obligation Or Debt.
  (1) For the purpose of defraying the project costs of hospital facilities, making hospital loans, refinancing indebtedness of a hospital, or refunding or refunding...
• Section 331.59 Contents Of Resolution Authorizing Bonds.
  A resolution authorizing bonds or an issue of bonds under this chapter may contain provisions, which shall be a part of the contract with...
• Section 331.60 Additional Provisions Of Resolution Authorizing Bonds.
  A resolution authorizing the issuance of bonds under this act may provide that the principal of, and interest on, the bonds issued shall be...
• Section 331.61 Local Authority; Bonds, Enforcement Of Payment, Validity, Publication.
  (1) The provisions of this act and any resolution and any mortgage or deed of trust shall continue in effect until the principal and...
• Section 331.62 Issuance Of New Bonds.
  If it considers refunding expedient, a local authority may periodically issue bonds to refund or refund in advance bonds or notes issued by the...
• Section 331.63 Local Authority; Conveyance Of Hospital Facilities.
  When all bonds issued pursuant to the provisions of this chapter have been retired, then the local authority may convey the title to the...

Last modified: October 10, 2016