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Michigan Statutes, Title 141

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Title 141, MUNICIPAL FINANCING

66 chapters · 621 sections in this title.

All chapters in Title 141621 Ch 284-of-1964, CITY INCOME TAX ACT100 Ch 34-of-2001, REVISED MUNICIPAL FINANCE ACT58 Ch 94-of-1933, THE REVENUE BOND ACT OF 193351 Ch 436-of-2012, LOCAL FINANCIAL STABILITY AND CHOICE ACT36 Ch 227-of-1985, SHARED CREDIT RATING ACT30 Ch 2-of-1968, UNIFORM BUDGETING AND ACCOUNTING ACT29 Ch 100-of-1990, CITY UTILITY USERS TAX ACT27 Ch 140-of-1971, GLENN STEIL STATE REVENUE SHARING AC…22 Ch 554-of-2008, REGIONAL CONVENTION FACILITY AUTHORI…15 Ch 203-of-1999, THE CONVENTION FACILITY AUTHORITY ACT14 Ch 244-of-1989, REGIONAL TOURISM MARKETING ACT13 Ch 395-of-1980, COMMUNITY CONVENTION OR TOURISM MARK…13 Ch 181-of-2014, MICHIGAN FINANCIAL REVIEW COMMISSION ACT12 Ch 383-of-1980, CONVENTION AND TOURISM MARKETING ACT12

10 sections·Filtered byTitle 141✕Ch 42-of-1913✕

Mich. Comp. Laws § 141.11 County sinking fund commissioners.
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Sec. 1. The county treasurer, the register of deeds, the county clerk, 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 county sinking fund comm…
Mich. Comp. Laws § 141.12 County sinking fund commissioners; handling of fund, investment.
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Sec. 2. The said board of sinking fund commissioners shall from time to time upon the best terms it can make, 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 …
Mich. Comp. Laws § 141.13 County sinking fund commissioners; control of fund, application.
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Sec. 3. 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 indebtedne…
Mich. Comp. Laws § 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.

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Sec. 4. (1) The annual meeting of the board of sinking fund commissioners shall be held on the first Tuesday in September of each year. The board of sinking fund commissioners may meet from time to time for the transaction of business, and may adopt rules of proceeding for its me…

Mich. Comp. Laws § 141.15 County treasurer; duties as custodian, bond.

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Sec. 5. The county treasurer shall have custody of all moneys, securities and evidences of debt belonging to or pertaining to said sinking fund, and he shall pay out the moneys of said fund only by order of the board of sinking fund commissioners by a 2/3 vote of the members ther…

Mich. Comp. Laws § 141.16 Condition reports to supervisors; tax recommendations.

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Sec. 6. Said board of sinking fund commissioners shall from time to time, but at least annually, and whenever requested by the board of supervisors, make report of the condition of the sinking fund, which report shall be made to the board of supervisors and then referred to and f…

Mich. Comp. Laws § 141.17 Tax levy; bond sale proceeds, interest, deposit.

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Sec. 7. The board of supervisors shall in each year levy and collect a tax for the benefit of the sinking fund. Whenever any bonds of the county shall be sold for more than par value all of the premium or amount received on such sale more than the par face value of the bonds sold…

Mich. Comp. Laws § 141.18 Per diem; expenses; county charge.

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Sec. 8. The necessary expenses of the board of sinking fund commissioners incurred in the performing of any of their duties imposed upon them by this act shall be a proper charge against said county to be paid from the general fund. The chairman of the board of supervisors and th…

Mich. Comp. Laws § 141.19 Commissioner's rules.

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Sec. 9. Said board of sinking fund commissioners is authorized to adopt rules not in conflict herewith for the government of its actions, and shall be authorized for the purpose of enforcing the collection of any bonds or securities taken by it to bring suit in the name of the co…

Mich. Comp. Laws § 141.20 Approval of act by supervisors.

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Sec. 10. 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 supervisors regularly convened at any regular, adjourned or special meeting of said board of supervisors for that particular county.