Sec. 1.
(1) There is established a state institution of higher education having authority to grant baccalaureate degrees known as Lake Superior state university to be located at Sault Ste. Marie. The institution shall be maintained by the state and its facilities shall be made available equally and upon the same basis to all qualified residents of this state. The institution shall be governed by a board of control which shall be a body corporate. Until changed by resolution of the board, the body corporate shall be known as the "board of control of Lake Superior state university".
(2) In addition to other powers granted by law, the board has all of the following powers:
(a) General supervision of the university.
(b) Control and direction of all expenditures from the university's funds.
(c) The right to sue and be sued.
(d) Adoption of a seal and altering of a seal.
(3) As used in this act, "board" means the board of control of Lake Superior state university.
History: 1969, Act 26, Eff. Jan. 1, 1970 ;-- Am. 1987, Act 158, Imd. Eff. Nov. 5, 1987