Michigan Compiled Laws Act 42 Of 1913 County Sinking Fund Commission (141.11 - 141.20)

AN ACT to provide for the creation of a county sinking fund commission, to prescribe the powers and duties thereof, and to repeal all acts and parts of acts contravening the provisions of this act.

History: 1913, Act 42, Eff. Aug. 14, 1913

Section 141.11 County Sinking Fund Commissioners.
The county treasurer, the register of deeds, the county clerk, the chairman of the board of supervisors and the chairman of the finance committee...
Section 141.12 County Sinking Fund Commissioners; Handling Of Fund, Investment.
The said board of sinking fund commissioners shall from time to time upon the best terms it can make, purchase or pay the outstanding...
Section 141.13 County Sinking Fund Commissioners; Control Of Fund, Application.
Said board of sinking fund commissioners shall have exclusive control of the money of the sinking fund, and shall faithfully apply the same whenever...
Section 141.14 Board Of Sinking Fund Commissioners; Annual Meeting; Transaction Of Business; Rules; Quorum; Payment Of Outstanding Debt; Investment Of Money; Presiding Officer; Clerk; Record; Conducting Business At Public Meeting; Notice Of Meeting; Availability Of Certain Writings To Public.
(1) The annual meeting of the board of sinking fund commissioners shall be held on the first Tuesday in September of each year. The...
Section 141.15 County Treasurer; Duties As Custodian, Bond.
The county treasurer shall have custody of all moneys, securities and evidences of debt belonging to or pertaining to said sinking fund, and he...
Section 141.16 Condition Reports To Supervisors; Tax Recommendations.
Said board of sinking fund commissioners shall from time to time, but at least annually, and whenever requested by the board of supervisors, make...
Section 141.17 Tax Levy; Bond Sale Proceeds, Interest, Deposit.
The board of supervisors shall in each year levy and collect a tax for the benefit of the sinking fund. Whenever any bonds of...
Section 141.18 Per Diem; Expenses; County Charge.
The necessary expenses of the board of sinking fund commissioners incurred in the performing of any of their duties imposed upon them by this...
Section 141.19 Commissioner's Rules.
Said board of sinking fund commissioners is authorized to adopt rules not in conflict herewith for the government of its actions, and shall be...
Section 141.20 Approval Of Act By Supervisors.
Before this act shall be operative in any county in this state it shall be adopted by a 2/3 vote of the board of...

Last modified: October 10, 2016