Michigan Compiled Laws Act 5 Of 1917 Township And Village Libraries (397.321 - 397.326)

AN ACT authorizing organized townships and incorporated villages in the state of Michigan to borrow money and to issue bonds therefor for the purpose of establishing free public libraries, purchasing sites and constructing buildings thereon.

History: 1917, Act 5, Imd. Eff. Mar. 9, 1917

Section 397.321 Townships And Villages; Issuance Of Library Bonds, Approval By Electors.
The township board of any organized township and the village council, or board of trustees, of any incorporated village in the state of Michigan...
Section 397.322 Referendum; Notice.
The question of issuing the bonds, provided for in section 1 of this act, shall be submitted to the legal voters of such township,...
Section 397.323 Referendum; Form Of Ballot; Election Process.
The vote upon such proposition shall be by printed ballot, and such ballots shall be in the following form: “For the issuing of bonds...
Section 397.324 Library Bonds; Vote; Issuance; Subject To Revised Municipal Finance Act.
If at an election a majority of the qualified electors present and voting upon the proposition vote in favor of the loan, the bonds...
Section 397.325 Repealed. 2002, Act 332, Imd. Eff. May 23, 2002.
Compiler's Notes: The repealed section pertained to issuance of bonds negotiated at less than par.
Section 397.326 Declaration Of Necessity.
It is hereby declared that this act is immediately necessary for the public health, peace and safety. History: 1917, Act 5, Imd. Eff. Mar....

Last modified: October 10, 2016