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66 chapters · 621 sections in this title.
Mich. Comp. Laws § 141.31 Bond issues; requisite sinking funds.
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Sec. 1. That from and after the passage of this act, before any county in the state of Michigan shall issue any bonds except serial bonds and bonds having a special security, the legislative body of such county shall pass a resolution providing for the levying and assessment in e…
Mich. Comp. Laws § 141.32 Sinking fund commissioners.
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Sec. 2. The county treasurer, the county clerk, the register of deeds, the chairman of the board of supervisors and the chairman of the finance committee of the board of supervisors of the several counties of this state shall constitute and be a board of sinking fund commissioner…
Mich. Comp. Laws § 141.33 Sinking fund commissioners; control of fund, application; payment, manner.
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Sec. 3. The said board of sinking fund commissioners shall have exclusive control of the money of the sinking fund and shall faithfully apply the same whenever possible, or it may appear to the county's interests, to the payment of the principal and interest of the bonded indebte…
Mich. Comp. Laws § 141.34 Sinking fund commissioners; handling of funds, investment; bonded debt.
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Sec. 4. The said board of sinking fund commissioners shall from time to time, as it shall deem expedient, purchase or pay the outstanding bonded debt of the county or such part thereof as it may be able to purchase or pay until the full amount thereof be fully purchased or paid. …