Subpart 7 Bond Issuance Provisions (324.50156...324.50166)

  1. Law
  2. Michigan Compiled Laws
  3. Natural Resources and Environmental Protection
  4. 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)
  5. Natural Resources Management (324.30101...324.83109)
  6. Chapter 2 Management of Renewable Resources (324.40101...324.53519)
  7. Subchapter 4 Forests (324.50101...324.53519)
  8. The Timber Industry (324.50101...324.50707)
  9. Part 501 Forest Improvements (324.50101...324.50166)
  10. Subpart 7 Bond Issuance Provisions (324.50156...324.50166)

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Section
324.50156

Resolution Authorizing Bonds; Provisions.

Section
324.50157

Resolution Authorizing Bonds; Principal, Interest, Payment, and Security; Full Faith and Credit; Trustees.

Section
324.50158

Special Debt Service Reserve Fund; Creation; Purpose; Sources and Use of Money; Transfer of Income or Interest; Limitation on Approved Reserve Fund Requirement; Limitation on Issuance of Bonds.

Section
324.50159

Statement of Liability on Face of Bond.

Section
324.50160

Applicability of Part And Resolution; Enforcement of Duties; Recital in Bond as Evidence of Validity; Publication and Effective Date of Resolution.

Section
324.50161

Refunding Bonds.

Section
324.50162

Adoption of Bonds by Resolution of Majority of Board; Bonds Subject to Revised Municipal Finance Act.

Section
324.50163

Pledge and Lien of Pledge Valid and Binding; Recordation Not Required.

Section
324.50164

Liability on Bonds.

Section
324.50165

Pledge and Agreement of State Not to Impair Rights and Remedies of Bondholders; Bonds as Negotiable Instruments; Bonds as Securities; Investment in Bonds.

Section
324.50166

Exemption From Taxation.