Michigan Compiled Laws Act 204 Of 1933 Defaulted Municipal Bonds (141.211 - 141.214)

AN ACT to authorize municipalities to call for and accept tenders of defaulted bonds.

History: 1933, Act 204, Imd. Eff. June 28, 1933

Section 141.211 Defaulted Municipal Bonds.
Any county, city, township, village, or school district in this state is hereby authorized to call for tenders of, and accept defaulted bonds of...
Section 141.212 Defaulted Municipal Bonds; Call For Tenders.
Whenever any bonds of any special assessment district or improvement district of any county, city, township, village, or school district of the state of...
Section 141.213 Defaulted Municipal Bonds; Tenders, Acceptance Or Rejection.
Upon the giving of such call for tenders of such bonds, the holder or holders thereof may submit his tender to the governing body...
Section 141.214 Defaulted Municipal Bonds; Payment Of Accepted Tenders.
Upon the acceptance of any of such tenders, said bonds shall be paid at the price requested by such tenders, out of the funds...

Last modified: October 10, 2016