PocketLaw | Michigan Compiled Laws | 338 of 1974

Economic Development Corporation; Incorporation; Application; Notice; Hearing; Approval; Board of Directors; Appointment, Qualifications, Terms, and Compensation of Directors; Public Meetings; Directors as Public Officers; Expiration; Vacancy; Removal; Disclosure of Interest; Planning Commission of Certain Municipalities Serving as Board of Directors.

Section
125.1605

Approval of Application to Incorporate and Articles of Incorporation by Resolution; Incorporation Pursuant to MCL 125.1628 to 125.1636.

Section
125.1606

Organization of Corporation at Municipal and County Levels; Limitation.

Section
125.1606a

Subsidiary Neighborhood Development Corporation; Creation; Powers; Exemption From Prevailing Wage and Fringe Benefit Rate Requirements; Disposition of Surplus From Sale of Property; Repayment of Bonds or Notes.

Section
125.1607

Powers of Corporation Generally.

Section
125.1607a

Pledge by Corporation; Validity; Lien; Filing or Recording Instruments Not Required.

Section
125.1607b

Board of Directors Serving as Planning Commission; Agenda.

Section
125.1608

Designation of Project Area; Certification of Approval; Preparation and Approval of Project Plan; Transfer of Employment; Contents of Project Plan; Corporation as Instrumentality of Political Subdivision; Notice to Vacate; Corporation to Operate Project as Lessor; Issuance of Obligations; Project Plans for Agricultural and Forestry Enterprises.

Section
125.1609

Project Plan; Findings and Recommendations of Local Public Agency; Determinations; Publication of General Standards for Project Plans; Local Public Agency Recommendations Concerning Project Plan Not Required.

Section
125.1610

Project Plan; Submission of Findings and Recommendations; Determination of Public Purpose; Considerations.

Section
125.1611

Amendments to Project Plan; Compliance With Local Ordinances and Resolutions.

Section
125.1612

Establishment of Project District Area Boundaries; Project Citizens District Council; Establishment; Appointment and Qualifications of Members; Council as Representative of Project Area.

Section
125.1613

Project Citizens District Council as Advisory Body.

Section
125.1614

Consultation Between Representative of Corporation and Project Citizens District Council.

Section
125.1615

Project Citizens District Council; Meetings; Notice; Right of Person to Be Heard; Record of Meeting; Information and Technical Assistance; Conditions to Adoption of Project Plan.

Section
125.1616

Existing Citizens District Council as Authorized Projects Citizens District Council.

Section
125.1617

Public Hearing Before Adoption of Resolution Approving Project Plan; Notice; Record of Public Hearing; Availability of Record to Public.

Section
125.1618

Finding and Recommendations of Project Citizens District Council; Notice.

Section
125.1619

Revision of Boundaries of Project District Area.

Section
125.1620

Situations Not Requiring Project Citizens District Council; Dissolution of Council.

Section
125.1621

Injunction, Mandamus, or Other Appropriate Remedy at Law; Equitable Relief.

Section
125.1622

Condemnation.

Section
125.1623

Borrowing Money and Issuing Revenue Bonds or Revenue Notes; Issuing Refunding Bonds; Bonds or Notes and Interest Exempt From Taxation; Exceptions; Liability of Municipality on Notes or Bonds; Statement; Investment in Bonds and Notes; Deposit of Bonds and Notes; Report; Inspection of Records and Reports; Publication and Distribution of Statement of Revenues and Expenditures.

Section
125.1624

Articles of Incorporation; Execution; Delivery; Filing; Publication; Statement of Right to Question Incorporation; Certificate; Effective Date and Validity of Incorporation.

Section
125.1632

Corporation as Body Corporate; Powers.

Section
125.1632a

Personal Liability of Board Members; Insurance.

Section
125.1633

Dissolution of Corporation; Referendum on Continued Existence of Corporation.

Section
125.1634

Corporations Organized and Incorporated Pursuant to MCL 450.62 to 450.192; Validation, Force, and Effect of Prior Actions.

Section
125.1634a

Corporation Deemed Validly Incorporated; Validity of Action Taken by Corporation Under Act; Validity and Legality of Evidences of Indebtedness and Related Instruments.

Section
125.1635

Liberal Construction.

Section
125.1636

338 of 1974 - Economic Development Corporations Act (125.1601 - 125.1636)

Checkout our iOS App for a better way to browser and research.

Short Title.

Legislative Finding.

Definitions.

Approval of Application to Incorporate and Articles of Incorporation by Resolution; Incorporation Pursuant to MCL 125.1628 to 125.1636.

Organization of Corporation at Municipal and County Levels; Limitation.

Subsidiary Neighborhood Development Corporation; Creation; Powers; Exemption From Prevailing Wage and Fringe Benefit Rate Requirements; Disposition of Surplus From Sale of Property; Repayment of Bonds or Notes.

Powers of Corporation Generally.

Pledge by Corporation; Validity; Lien; Filing or Recording Instruments Not Required.

Board of Directors Serving as Planning Commission; Agenda.

Project Plan; Findings and Recommendations of Local Public Agency; Determinations; Publication of General Standards for Project Plans; Local Public Agency Recommendations Concerning Project Plan Not Required.

Project Plan; Submission of Findings and Recommendations; Determination of Public Purpose; Considerations.

Amendments to Project Plan; Compliance With Local Ordinances and Resolutions.

Establishment of Project District Area Boundaries; Project Citizens District Council; Establishment; Appointment and Qualifications of Members; Council as Representative of Project Area.

Project Citizens District Council as Advisory Body.

Consultation Between Representative of Corporation and Project Citizens District Council.

Project Citizens District Council; Meetings; Notice; Right of Person to Be Heard; Record of Meeting; Information and Technical Assistance; Conditions to Adoption of Project Plan.

Existing Citizens District Council as Authorized Projects Citizens District Council.

Public Hearing Before Adoption of Resolution Approving Project Plan; Notice; Record of Public Hearing; Availability of Record to Public.

Finding and Recommendations of Project Citizens District Council; Notice.

Revision of Boundaries of Project District Area.

Situations Not Requiring Project Citizens District Council; Dissolution of Council.

Injunction, Mandamus, or Other Appropriate Remedy at Law; Equitable Relief.

Condemnation.

Disposition of Net Earnings and Property Upon Dissolution of Corporation.

Exemption of Corporation and Instruments of Conveyance From Taxation.

Repealed. 1976, Act 175, Imd. Eff. June 29, 1976.

Powers of Public Bodies.

Incorporation of Economic Development Corporation; Name of Corporation.

Articles of Incorporation; Approval by Resolution; Contents.

Amendment of Articles of Incorporation.

Articles of Incorporation; Execution; Delivery; Filing; Publication; Statement of Right to Question Incorporation; Certificate; Effective Date and Validity of Incorporation.

Corporation as Body Corporate; Powers.

Personal Liability of Board Members; Insurance.

Dissolution of Corporation; Referendum on Continued Existence of Corporation.

Corporations Organized and Incorporated Pursuant to MCL 450.62 to 450.192; Validation, Force, and Effect of Prior Actions.

Corporation Deemed Validly Incorporated; Validity of Action Taken by Corporation Under Act; Validity and Legality of Evidences of Indebtedness and Related Instruments.

Liberal Construction.

Authority Cumulative.