Michigan Compiled Laws § 324.50117 Security For Repayment Of Bonds.

324.50117 Security for repayment of bonds.

Sec. 50117.

The security for the repayment of bonds issued by the district may be a pledge or mortgage on all lands owned by the district and all of the district's installations, buildings, and equipment, tools, furniture, fixtures, or other personal property owned by the district.

History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA

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Last modified: October 10, 2016