82 chapters · 471 sections in this title.
Mich. Comp. Laws § 123.961g Bond and interest redemption fund.
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Sec. 11g. The ordinance or resolution authorizing the bonds shall establish a bond and interest redemption fund into which shall be paid all cash rentals required to be paid by the incorporating unit or units under the contract of lease which are pledged for the payment of bonds …
Mich. Comp. Laws § 123.961h Redemption of bonds prior to maturity.
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Sec. 11h. The commission may make provision in the ordinance or resolution authorizing the bonds for the redemption thereof prior to maturity.
Mich. Comp. Laws § 123.961j Bonds subject to revised municipal finance act; tax exemption.
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Sec. 11j. (1) All bonds authorized under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. (2) The principal and interest on bonds issued under this act are exempt from taxation by this state and by any other taxing authority within …
Mich. Comp. Laws § 123.962 Tax exemption for property.
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Sec. 12. All property owned by any authority shall be exempt from taxation by the state or any taxing unit therein.